AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Shares Up 4.1% – Here’s Why

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) shares shot up 4.1% during mid-day trading on Friday. The company traded as high as $2.10 and last traded at $2.04. Approximately 1,854,912 shares traded hands during trading, a decline of 17% from the average session volume of 2,228,344 shares. The stock had previously closed at $1.96.

AdvisorShares MSOX 2X Daily ETF Price Performance

The business has a 50 day simple moving average of $2.49 and a 200 day simple moving average of $2.81.

Institutional Investors Weigh In On AdvisorShares MSOX 2X Daily ETF

A hedge fund recently bought a new stake in AdvisorShares MSOX 2X Daily ETF stock. Pacific Excel Wealth Advisors Inc. purchased a new stake in AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 33,100 shares of the company’s stock, valued at approximately $111,000. Pacific Excel Wealth Advisors Inc. owned approximately 0.16% of AdvisorShares MSOX 2X Daily ETF as of its most recent filing with the SEC.

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.