AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Trading Down 13.7% – What’s Next?

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) were down 13.7% on Thursday . The stock traded as low as $3.03 and last traded at $3.03. Approximately 1,303,694 shares were traded during trading, an increase of 10% from the average daily volume of 1,184,873 shares. The stock had previously closed at $3.51.

AdvisorShares MSOX 2X Daily ETF Stock Down 13.7%

The firm has a fifty day moving average price of $4.48 and a 200 day moving average price of $6.00.

Institutional Trading of AdvisorShares MSOX 2X Daily ETF

Several large investors have recently made changes to their positions in MSOX. CIBC Private Wealth Group LLC acquired a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the third quarter valued at $31,000. StoneX Group Inc. bought a new stake in AdvisorShares MSOX 2X Daily ETF during the 2nd quarter worth about $38,000. SG Americas Securities LLC acquired a new stake in AdvisorShares MSOX 2X Daily ETF in the 4th quarter valued at about $46,000. Legacy Capital Wealth Partners LLC bought a new position in shares of AdvisorShares MSOX 2X Daily ETF in the fourth quarter worth about $79,000. Finally, Group One Trading LLC raised its stake in shares of 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 worth $112,000 after acquiring an additional 7,626 shares during the last quarter.

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.