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 decrease in short interest in the month of April. As of April 15th, there was short interest totaling 3,863,897 shares, a decrease of 20.7% from the March 31st total of 4,872,777 shares. Currently, 18.7% of the shares of the stock are short sold. Based on an average daily volume of 1,909,374 shares, the days-to-cover ratio is currently 2.0 days.

AdvisorShares MSOX 2X Daily ETF Stock Performance

Shares of MSOX traded up $0.35 during mid-day trading on Thursday, reaching $3.78. The stock had a trading volume of 4,256,761 shares, compared to its average volume of 2,264,208. AdvisorShares MSOX 2X Daily ETF has a 12 month low of $1.65 and a 12 month high of $13.15. The business has a fifty day moving average of $2.68 and a 200 day moving average of $4.03.

Hedge Funds Weigh In On AdvisorShares MSOX 2X Daily ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC bought a new position in shares of AdvisorShares MSOX 2X Daily ETF during the third quarter worth $31,000. StoneX Group Inc. bought a new position in shares of AdvisorShares MSOX 2X Daily ETF during the second quarter worth $38,000. SG Americas Securities LLC bought a new position in shares of AdvisorShares MSOX 2X Daily ETF during the fourth quarter worth $46,000. Legacy Capital Wealth Partners LLC bought a new position in shares of AdvisorShares MSOX 2X Daily ETF during the fourth quarter worth $79,000. Finally, Group One Trading LLC boosted its position in shares of AdvisorShares MSOX 2X Daily ETF by 23.2% during the second 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.

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.