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

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) rose 2.6% on Wednesday . The company traded as high as $2.81 and last traded at $2.75. 1,508,007 shares changed hands during mid-day 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 Performance

The firm has a fifty day moving average of $3.23 and a two-hundred day moving average of $3.24.

Institutional Trading of AdvisorShares MSOX 2X Daily ETF

Institutional investors have recently made changes to their positions in the stock. IMC Chicago LLC purchased a new position in shares of AdvisorShares MSOX 2X Daily ETF in the fourth quarter worth $576,000. Pacific Excel Wealth Advisors Inc. purchased a new stake in AdvisorShares MSOX 2X Daily ETF during the 2nd quarter valued at $111,000. Howard Financial Services LTD. bought a new stake in AdvisorShares MSOX 2X Daily ETF in the 4th quarter worth $134,000. FNY Investment Advisers LLC bought a new stake in AdvisorShares MSOX 2X Daily ETF in the 3rd quarter worth $205,000. Finally, Legacy Capital Wealth Partners LLC purchased a new position in shares of AdvisorShares MSOX 2X Daily ETF in the fourth quarter valued at about $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.