AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Trading Up 9.9% – What’s Next?

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) shot up 9.9% during trading on Tuesday . The company traded as high as $3.95 and last traded at $3.89. 691,625 shares were traded during trading, a decline of 1% from the average session volume of 701,745 shares. The stock had previously closed at $3.54.

AdvisorShares MSOX 2X Daily ETF Price Performance

The firm’s fifty day moving average price is $5.89 and its 200 day moving average price is $5.53.

Institutional Trading of AdvisorShares MSOX 2X Daily ETF

Hedge funds have recently bought and sold shares of the stock. Group One Trading LLC increased its holdings in shares of AdvisorShares MSOX 2X Daily ETF by 23.2% in the 2nd quarter. Group One Trading LLC now owns 40,453 shares of the company’s stock valued at $112,000 after acquiring an additional 7,626 shares during the period. CIBC Private Wealth Group LLC bought a new stake in AdvisorShares MSOX 2X Daily ETF during the third quarter valued at about $31,000. Finally, StoneX Group Inc. bought a new stake in AdvisorShares MSOX 2X Daily ETF during the second quarter valued at about $38,000.

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.