AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Stock Price Down 9.3% – Here’s What Happened

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX)’s share price traded down 9.3% during mid-day trading on Friday. The company traded as low as $1.73 and last traded at $1.76. Approximately 3,238,124 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 2,196,927 shares. The stock had previously closed at $1.94.

AdvisorShares MSOX 2X Daily ETF Stock Down 9.3%

The stock’s 50 day moving average price is $2.74 and its two-hundred day moving average price is $2.86.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in AdvisorShares MSOX 2X Daily ETF stock. Pacific Excel Wealth Advisors Inc. acquired a new stake in AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,100 shares of the company’s stock, valued at approximately $111,000. Pacific Excel Wealth Advisors Inc. owned about 0.16% of AdvisorShares MSOX 2X Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.