AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Stock Price Down 8.7% – Here’s Why

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) shares dropped 8.7% on Thursday. The company traded as low as $3.13 and last traded at $3.16. 2,327,159 shares were traded during trading, an increase of 7% from the average daily volume of 2,183,357 shares. The stock had previously closed at $3.46.

AdvisorShares MSOX 2X Daily ETF Price Performance

The company’s fifty day simple moving average is $2.74 and its 200 day simple moving average is $2.88.

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. purchased a new stake in shares of AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

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.