Short Interest in AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Increases By 69.6%

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 3,546,822 shares, a growth of 69.6% from the December 15th total of 2,090,744 shares. Currently, 31.1% of the company’s shares are sold short. Based on an average trading volume of 3,985,208 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 3,985,208 shares, the days-to-cover ratio is currently 0.9 days. Currently, 31.1% of the company’s shares are sold short.

Institutional Investors Weigh In On AdvisorShares MSOX 2X Daily ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Group One Trading LLC grew its stake in AdvisorShares MSOX 2X Daily ETF by 30.3% in the 3rd quarter. Group One Trading LLC now owns 52,713 shares of the company’s stock worth $409,000 after acquiring an additional 12,260 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF during the second quarter valued at approximately $38,000. CIBC Private Wealth Group LLC bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF during the third quarter valued at approximately $31,000. SG Americas Securities LLC purchased a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the fourth quarter valued at approximately $46,000. Finally, Howard Financial Services LTD. bought a new position in AdvisorShares MSOX 2X Daily ETF in the fourth quarter worth approximately $134,000.

AdvisorShares MSOX 2X Daily ETF Stock Down 1.5%

Shares of NYSEARCA:MSOX traded down $0.07 on Thursday, hitting $4.71. 608,795 shares of the company’s stock were exchanged, compared to its average volume of 1,213,765. AdvisorShares MSOX 2X Daily ETF has a 12 month low of $2.14 and a 12 month high of $13.15. The business’s 50 day simple moving average is $4.55 and its two-hundred day simple moving average is $5.94.

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.