AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Shares Down 7.9% – What’s Next?

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) fell 7.9% during mid-day trading on Monday . The company traded as low as $2.89 and last traded at $3.05. 1,982,583 shares were traded during trading, an increase of 192% from the average session volume of 678,809 shares. The stock had previously closed at $3.31.

AdvisorShares MSOX 2X Daily ETF Price Performance

The firm’s 50-day simple moving average is $7.07 and its 200 day simple moving average is $5.57.

Institutional Trading of AdvisorShares MSOX 2X Daily ETF

A hedge fund recently raised its stake in AdvisorShares MSOX 2X Daily ETF stock. Group One Trading LLC boosted its position in AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) by 30.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,713 shares of the company’s stock after purchasing an additional 12,260 shares during the quarter. Group One Trading LLC owned about 0.64% of AdvisorShares MSOX 2X Daily ETF worth $409,000 as of its most recent filing with the Securities and Exchange Commission (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.