Short Interest in AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Increases By 22.9%

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 4,561,461 shares, a growth of 22.9% from the February 12th total of 3,712,018 shares. Approximately 36.6% of the company’s shares are short sold. Based on an average daily volume of 1,716,440 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 1,716,440 shares, the days-to-cover ratio is currently 2.7 days. Approximately 36.6% of the company’s shares are short sold.

Hedge Funds Weigh In On AdvisorShares MSOX 2X Daily ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC acquired a new position in AdvisorShares MSOX 2X Daily ETF during the third quarter worth about $31,000. StoneX Group Inc. bought a new position in shares of AdvisorShares MSOX 2X Daily ETF during the 2nd quarter worth approximately $38,000. SG Americas Securities LLC bought a new position in AdvisorShares MSOX 2X Daily ETF during the fourth quarter worth $46,000. Legacy Capital Wealth Partners LLC acquired a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the 4th quarter valued at about $79,000. Finally, Group One Trading LLC grew its stake in AdvisorShares MSOX 2X Daily ETF by 23.2% in the second quarter. Group One Trading LLC now owns 40,453 shares of the company’s stock valued at $112,000 after acquiring an additional 7,626 shares during the period.

AdvisorShares MSOX 2X Daily ETF Stock Performance

AdvisorShares MSOX 2X Daily ETF stock traded up $0.03 during mid-day trading on Tuesday, hitting $2.63. 957,291 shares of the company’s stock were exchanged, compared to its average volume of 1,419,641. The company’s 50 day simple moving average is $3.37 and its 200-day simple moving average is $5.23. AdvisorShares MSOX 2X Daily ETF has a fifty-two week low of $2.14 and a fifty-two week high of $13.15.

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.