AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Shares Down 13.7% – Should You Sell?

Shares of AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) dropped 13.7% during trading on Thursday . The stock traded as low as $3.03 and last traded at $3.03. Approximately 1,303,694 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 1,184,873 shares. The stock had previously closed at $3.51.

AdvisorShares MSOX 2X Daily ETF Stock Performance

The business’s fifty day moving average price is $4.48 and its two-hundred day moving average price is $6.00.

Institutional Trading of AdvisorShares MSOX 2X Daily ETF

Several large investors have recently made changes to their positions in the stock. IMC Chicago LLC acquired a new position in shares of AdvisorShares MSOX 2X Daily ETF during the 4th quarter valued at about $576,000. Group One Trading LLC boosted its position in AdvisorShares MSOX 2X Daily ETF by 30.3% during the third quarter. Group One Trading LLC now owns 52,713 shares of the company’s stock worth $409,000 after purchasing an additional 12,260 shares during the period. Howard Financial Services LTD. acquired a new position in AdvisorShares MSOX 2X Daily ETF during the fourth quarter valued at approximately $134,000. FNY Investment Advisers LLC bought a new position in shares of AdvisorShares MSOX 2X Daily ETF in the third quarter valued at approximately $205,000. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the fourth quarter worth $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.