AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Trading 0.7% Higher – Should You Buy?

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX)’s stock price traded up 0.7% on Thursday . The company traded as high as $2.97 and last traded at $2.91. 1,943,144 shares were traded during mid-day trading, a decline of 14% from the average session volume of 2,270,961 shares. The stock had previously closed at $2.89.

AdvisorShares MSOX 2X Daily ETF Stock Down 5.5%

The stock’s 50 day moving average price is $2.85 and its two-hundred day moving average price is $3.61.

Institutional Trading of AdvisorShares MSOX 2X Daily ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MSOX. StoneX Group Inc. acquired a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the second quarter worth $38,000. Group One Trading LLC grew its position 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 during the period. CIBC Private Wealth Group LLC acquired a new stake in AdvisorShares MSOX 2X Daily ETF during the third quarter valued at $31,000. FNY Investment Advisers LLC acquired a new stake in AdvisorShares MSOX 2X Daily ETF during the third quarter valued at $205,000. Finally, SG Americas Securities LLC acquired a new stake in AdvisorShares MSOX 2X Daily ETF during the fourth quarter valued at $46,000.

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.