AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Trading Up 9.2% – Should You Buy?

Shares of AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) were up 9.2% during trading on Thursday . The company traded as high as $2.30 and last traded at $2.25. Approximately 2,755,831 shares changed hands during trading, an increase of 19% from the average session volume of 2,318,609 shares. The stock had previously closed at $2.06.

AdvisorShares MSOX 2X Daily ETF Stock Up 0.4%

The stock’s 50 day moving average price is $2.96 and its two-hundred day moving average price is $3.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MSOX. CIBC Private Wealth Group LLC acquired a new position in AdvisorShares MSOX 2X Daily ETF in the third quarter worth about $31,000. StoneX Group Inc. bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the 2nd quarter worth about $38,000. SG Americas Securities LLC acquired a new stake in shares of AdvisorShares MSOX 2X Daily ETF during the 4th quarter worth about $46,000. Legacy Capital Wealth Partners LLC bought a new position in AdvisorShares MSOX 2X Daily ETF during the 4th quarter valued at about $79,000. Finally, Pacific Excel Wealth Advisors Inc. acquired a new position in AdvisorShares MSOX 2X Daily ETF in the second quarter valued at about $111,000.

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.