AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Trading Down 7.9% – Should You Sell?

Shares of AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) dropped 7.9% during mid-day trading on Monday . The company traded as low as $2.89 and last traded at $3.05. Approximately 1,982,583 shares changed hands during mid-day trading, an increase of 192% from the average daily volume of 678,809 shares. The stock had previously closed at $3.31.

AdvisorShares MSOX 2X Daily ETF Stock Down 9.3%

The company’s 50 day moving average is $6.85 and its 200-day moving average is $5.53.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AdvisorShares MSOX 2X Daily ETF stock. StoneX Group Inc. bought a new stake in AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,644 shares of the company’s stock, valued at approximately $38,000. StoneX Group Inc. owned 0.31% of AdvisorShares MSOX 2X Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

AdvisorShares MSOX 2X Daily ETF Company Profile

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.