AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) Short Interest Down 20.7% in April

AdvisorShares MSOX 2X Daily ETF (NYSEARCA:MSOX) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 3,863,897 shares, a drop of 20.7% from the March 31st total of 4,872,777 shares. Based on an average daily volume of 1,909,374 shares, the days-to-cover ratio is presently 2.0 days. Currently, 18.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On AdvisorShares MSOX 2X Daily ETF

Several institutional investors have recently made changes to their positions in MSOX. StoneX Group Inc. bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the 2nd quarter worth about $38,000. Group One Trading LLC lifted its holdings in shares of AdvisorShares MSOX 2X Daily ETF by 23.2% in the 2nd quarter. Group One Trading LLC now owns 40,453 shares of the company’s stock worth $112,000 after acquiring an additional 7,626 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the 3rd quarter worth about $31,000. FNY Investment Advisers LLC bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the 3rd quarter worth about $205,000. Finally, SG Americas Securities LLC bought a new stake in shares of AdvisorShares MSOX 2X Daily ETF in the 4th quarter worth about $46,000.

AdvisorShares MSOX 2X Daily ETF Price Performance

MSOX stock traded up $0.35 during trading on Thursday, hitting $3.78. 4,256,761 shares of the company’s stock traded hands, compared to its average volume of 2,264,208. AdvisorShares MSOX 2X Daily ETF has a 52 week low of $1.65 and a 52 week high of $13.15. The business has a fifty day simple moving average of $2.68 and a 200 day simple moving average of $4.03.

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.