AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Sees Large Increase in Short Interest

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 2,090,744 shares, a growth of 36.4% from the November 30th total of 1,533,304 shares. Currently, 25.3% of the shares of the stock are short sold. Based on an average trading volume of 2,620,122 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 2,620,122 shares, the short-interest ratio is currently 0.8 days. Currently, 25.3% of the shares of the stock are short sold.

AdvisorShares MSOX 2X Daily ETF Stock Performance

NYSEARCA MSOX traded up $0.43 during trading on Tuesday, hitting $4.48. 2,193,841 shares of the stock traded hands, compared to its average volume of 919,847. AdvisorShares MSOX 2X Daily ETF has a 12-month low of $2.14 and a 12-month high of $13.15. The firm has a 50-day simple moving average of $4.94 and a 200-day simple moving average of $5.81.

Institutional Trading of AdvisorShares MSOX 2X Daily ETF

Institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC purchased 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 position in AdvisorShares MSOX 2X Daily ETF during the 2nd quarter valued at about $38,000. Group One Trading LLC raised its position in AdvisorShares MSOX 2X Daily ETF by 23.2% in the 2nd quarter. Group One Trading LLC now owns 40,453 shares of the company’s stock worth $112,000 after purchasing an additional 7,626 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in AdvisorShares MSOX 2X Daily ETF in the 3rd quarter worth about $205,000.

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.