AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Trading Up 2.6% – Here’s What Happened

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) shares traded up 2.6% on Wednesday . The stock traded as high as $2.81 and last traded at $2.75. 1,508,007 shares were traded during trading, a decline of 37% from the average daily volume of 2,396,777 shares. The stock had previously closed at $2.68.

AdvisorShares MSOX 2X Daily ETF Stock Up 2.6%

The business’s fifty day simple moving average is $3.27 and its 200-day simple moving average is $3.27.

Hedge Funds Weigh In On AdvisorShares MSOX 2X Daily ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. StoneX Group Inc. bought a new position in shares of AdvisorShares MSOX 2X Daily ETF in the 2nd quarter valued at about $38,000. Group One Trading LLC increased its stake in AdvisorShares MSOX 2X Daily ETF by 23.2% during the second quarter. Group One Trading LLC now owns 40,453 shares of the company’s stock worth $112,000 after acquiring an additional 7,626 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in AdvisorShares MSOX 2X Daily ETF during the third quarter worth approximately $31,000. FNY Investment Advisers LLC purchased a new stake in AdvisorShares MSOX 2X Daily ETF during the third quarter valued at approximately $205,000. Finally, SG Americas Securities LLC bought a new position in AdvisorShares MSOX 2X Daily ETF during the fourth quarter valued at $46,000.

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.