AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Stock Price Down 7.3% – Time to Sell?

Shares of AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) fell 7.3% on Friday . The company traded as low as $3.38 and last traded at $3.42. 1,978,285 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 2,362,876 shares. The stock had previously closed at $3.69.

AdvisorShares MSOX 2X Daily ETF Price Performance

The stock has a 50 day moving average price of $3.20 and a 200 day moving average price of $3.50.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the third quarter worth $31,000. StoneX Group Inc. bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the second quarter worth $38,000. SG Americas Securities LLC bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the fourth quarter worth $46,000. Legacy Capital Wealth Partners LLC bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the fourth quarter worth $79,000. Finally, Group One Trading LLC grew its holdings in shares of AdvisorShares MSOX 2X Daily ETF by 23.2% in the second quarter. Group One Trading LLC now owns 40,453 shares of the company’s stock worth $112,000 after acquiring an additional 7,626 shares during the period.

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.