AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Stock Price Down 9.3% – Here’s What Happened

Shares of AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) traded down 9.3% during trading on Friday. The stock traded as low as $1.73 and last traded at $1.76. Approximately 3,238,124 shares were traded during trading, an increase of 47% from the average session volume of 2,196,927 shares. The stock had previously closed at $1.94.

AdvisorShares MSOX 2X Daily ETF Price Performance

The company’s 50-day moving average price is $2.74 and its 200 day moving average price is $2.86.

Hedge Funds Weigh In On AdvisorShares MSOX 2X Daily ETF

An institutional investor recently bought a new position in AdvisorShares MSOX 2X Daily ETF stock. Pacific Excel Wealth Advisors Inc. purchased a new position in AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,100 shares of the company’s stock, valued at approximately $111,000. Pacific Excel Wealth Advisors Inc. owned 0.16% of AdvisorShares MSOX 2X Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.