AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Trading Down 3.4% – Should You Sell?

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) shares dropped 3.4% during mid-day trading on Tuesday . The company traded as low as $2.50 and last traded at $2.54. Approximately 1,614,709 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 1,409,824 shares. The stock had previously closed at $2.63.

AdvisorShares MSOX 2X Daily ETF Stock Down 3.4%

The company has a 50-day moving average price of $3.52 and a 200 day moving average price of $5.47.

Institutional Investors Weigh In On AdvisorShares MSOX 2X Daily ETF

A number of institutional investors have recently bought and sold shares of MSOX. IMC Chicago LLC acquired a new position in shares of AdvisorShares MSOX 2X Daily ETF in the 4th quarter valued at about $576,000. Group One Trading LLC lifted its position in shares of AdvisorShares MSOX 2X Daily ETF by 30.3% in the third 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 in the last quarter. Howard Financial Services LTD. acquired a new stake in shares of AdvisorShares MSOX 2X Daily ETF during the fourth quarter worth approximately $134,000. FNY Investment Advisers LLC acquired a new stake in shares of AdvisorShares MSOX 2X Daily ETF during the third quarter worth approximately $205,000. Finally, Legacy Capital Wealth Partners LLC purchased a new position in AdvisorShares MSOX 2X Daily ETF during the fourth quarter valued at approximately $79,000.

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.