AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Stock Falls 9.3% – Should You Sell?

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX – Get Free Report) shares dropped 9.3% during trading on Friday. The company traded as low as $1.73 and last traded at $1.76. 3,238,124 shares traded hands 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 Stock Performance

The business has a fifty day simple moving average of $2.74 and a two-hundred day simple moving average of $2.86.

Institutional Trading of AdvisorShares MSOX 2X Daily ETF

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

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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