AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Trading Down 1% – Here’s Why

Shares of AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) traded down 1% during trading on Thursday . The company traded as low as $2.92 and last traded at $2.99. Approximately 1,084,923 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 2,210,145 shares. The stock had previously closed at $3.02.

AdvisorShares MSOX 2X Daily ETF Trading Down 1.0%

The business’s fifty day moving average price is $2.65 and its 200-day moving average price is $2.85.

Institutional Trading of AdvisorShares MSOX 2X Daily ETF

A number of hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC purchased a new stake in AdvisorShares MSOX 2X Daily ETF in the third quarter worth approximately $31,000. StoneX Group Inc. bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the 2nd quarter worth approximately $38,000. Pacific Excel Wealth Advisors Inc. purchased a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the 2nd quarter valued at $111,000. Group One Trading LLC boosted its stake in shares of AdvisorShares MSOX 2X Daily ETF by 23.2% in the 2nd quarter. Group One Trading LLC now owns 40,453 shares of the company’s stock valued at $112,000 after purchasing an additional 7,626 shares in the last quarter. Finally, IMC Chicago LLC bought a new position in shares of AdvisorShares MSOX 2X Daily ETF during the 4th quarter valued at $576,000.

About AdvisorShares MSOX 2X Daily ETF

The Advisorshares Msos 2x Daily ETF (MSOX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-fund that seeks to achieve 2x the daily total return of the AdvisorShares Pure US Cannabis ETF (MSOS) through swap agreements. MSOX was launched on Aug 23, 2022 and is managed by AdvisorShares.