AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Trading Up 2.6% – Should You Buy?

Shares of AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) were up 2.6% on Wednesday . The company traded as high as $2.81 and last traded at $2.75. Approximately 1,508,007 shares traded hands during trading, a decline of 37% from the average session volume of 2,396,777 shares. The stock had previously closed at $2.68.

AdvisorShares MSOX 2X Daily ETF Stock Up 2.6%

The company’s fifty day moving average is $3.27 and its 200-day moving average is $3.27.

Institutional Investors Weigh In On AdvisorShares MSOX 2X Daily ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC bought a new position in shares of AdvisorShares MSOX 2X Daily ETF in the third quarter worth about $31,000. Group One Trading LLC lifted its holdings in 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 worth $112,000 after purchasing an additional 7,626 shares in the last quarter. StoneX Group Inc. bought a new position in AdvisorShares MSOX 2X Daily ETF in the 4th quarter worth approximately $46,000. SG Americas Securities LLC bought a new position in AdvisorShares MSOX 2X Daily ETF in the 4th quarter worth approximately $46,000. Finally, Legacy Capital Wealth Partners LLC purchased a new stake in AdvisorShares MSOX 2X Daily ETF during the 4th quarter valued at approximately $79,000.

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.