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

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

AdvisorShares MSOX 2X Daily ETF Price Performance

The business’s fifty day moving average price is $2.65 and its 200-day moving average price is $2.85.

Institutional Investors Weigh In On AdvisorShares MSOX 2X Daily ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Group One Trading LLC raised its holdings in shares of AdvisorShares MSOX 2X Daily ETF by 30.3% in the 3rd quarter. Group One Trading LLC now owns 52,713 shares of the company’s stock valued at $409,000 after acquiring an additional 12,260 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF during the 4th quarter valued at about $46,000. CIBC Private Wealth Group LLC purchased a new position in shares of AdvisorShares MSOX 2X Daily ETF during the third quarter worth about $31,000. Pacific Excel Wealth Advisors Inc. bought a new position in shares of AdvisorShares MSOX 2X Daily ETF in the second quarter worth approximately $111,000. Finally, IMC Chicago LLC bought a new position in shares of AdvisorShares MSOX 2X Daily ETF in the fourth quarter worth approximately $576,000.

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.