AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Shares Down 1% – Time to Sell?

Shares of AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) were down 1% during mid-day trading on Thursday . The company traded as low as $2.92 and last traded at $2.99. Approximately 1,084,923 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 2,210,145 shares. The stock had previously closed at $3.02.

AdvisorShares MSOX 2X Daily ETF Stock Performance

The stock has a 50-day simple moving average of $2.66 and a 200 day simple moving average of $2.85.

Institutional Investors Weigh In On AdvisorShares MSOX 2X Daily ETF

Large investors have recently bought and sold shares of the company. Pacific Excel Wealth Advisors Inc. acquired a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the second quarter worth $111,000. StoneX Group Inc. purchased a new stake in AdvisorShares MSOX 2X Daily ETF in the second quarter valued at $38,000. Group One Trading LLC grew its position in AdvisorShares MSOX 2X Daily ETF by 30.3% during the 3rd quarter. Group One Trading LLC now owns 52,713 shares of the company’s stock worth $409,000 after purchasing an additional 12,260 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of AdvisorShares MSOX 2X Daily ETF during the 3rd quarter valued at about $31,000.

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.