AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Sees Significant Increase in Short Interest

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOXGet Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 2,090,744 shares, a growth of 36.4% from the November 30th total of 1,533,304 shares. Approximately 25.3% of the company’s stock are short sold. Based on an average daily trading volume, of 2,620,122 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 2,620,122 shares, the days-to-cover ratio is presently 0.8 days. Approximately 25.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC purchased a new position in shares of AdvisorShares MSOX 2X Daily ETF during the third quarter valued at approximately $31,000. StoneX Group Inc. bought a new stake in AdvisorShares MSOX 2X Daily ETF in the 2nd quarter worth approximately $38,000. FNY Investment Advisers LLC bought a new stake in AdvisorShares MSOX 2X Daily ETF in the 3rd quarter worth approximately $205,000. Finally, Group One Trading LLC raised its stake in AdvisorShares MSOX 2X Daily ETF by 23.2% during the 2nd quarter. Group One Trading LLC now owns 40,453 shares of the company’s stock valued at $112,000 after buying an additional 7,626 shares during the last quarter.

AdvisorShares MSOX 2X Daily ETF Stock Performance

Shares of AdvisorShares MSOX 2X Daily ETF stock traded up $0.43 during midday trading on Tuesday, hitting $4.48. The company had a trading volume of 2,193,841 shares, compared to its average volume of 919,847. The company has a 50 day moving average of $4.94 and a 200 day moving average of $5.81. AdvisorShares MSOX 2X Daily ETF has a 52-week low of $2.14 and a 52-week high of $13.15.

AdvisorShares MSOX 2X Daily ETF Company Profile

(Get Free Report)

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.

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