AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Sees Significant Growth in Short Interest

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 4,172,474 shares, a growth of 23.1% from the January 15th total of 3,389,590 shares. Approximately 33.5% of the shares of the company are sold short. Based on an average daily volume of 1,171,250 shares, the short-interest ratio is currently 3.6 days. Based on an average daily volume of 1,171,250 shares, the short-interest ratio is currently 3.6 days. Approximately 33.5% of the shares of the company are sold short.

Hedge Funds Weigh In On AdvisorShares MSOX 2X Daily ETF

Several large investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC acquired a new stake in shares of AdvisorShares MSOX 2X Daily ETF during the 3rd quarter worth $31,000. Group One Trading LLC raised 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 valued at $112,000 after buying an additional 7,626 shares in the last quarter. StoneX Group Inc. acquired a new stake in AdvisorShares MSOX 2X Daily ETF during the fourth quarter worth about $46,000. SG Americas Securities LLC bought a new position in shares of AdvisorShares MSOX 2X Daily ETF during the fourth quarter worth about $46,000. Finally, Legacy Capital Wealth Partners LLC acquired a new position in AdvisorShares MSOX 2X Daily ETF during the 4th quarter worth $79,000.

AdvisorShares MSOX 2X Daily ETF Stock Down 3.8%

Shares of AdvisorShares MSOX 2X Daily ETF stock opened at $2.76 on Thursday. AdvisorShares MSOX 2X Daily ETF has a 12-month low of $2.14 and a 12-month high of $13.15. The company has a 50-day moving average of $4.34 and a two-hundred day moving average of $5.97.

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.