AdvisorShares MSOS Daily Leveraged ETF (MSOX)
AdvisorShares MSOS Daily Leveraged ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $2.58, down 2.27% on the session, giving a market capitalisation of $15.3M. Its beta of 1.24 implies it has historically moved more than the broad market.
The AdvisorShares MSOS Daily Leveraged ETF (MSOX) seeks to generate amplified investment returns, both positive and negative, by entering into derivative contracts known as swap agreements. These agreements are designed to provide leveraged exposure to the performance of the US Cannabis ETF. The underlying US Cannabis ETF primarily allocates its capital to publicly traded common and preferred stocks of companies categorized as mid-capitalization and small-capitalization. Additionally, it utilizes total return swaps to achieve further exposure to these types of businesses. It's important to note that MSOX operates with a concentrated portfolio, meaning it is considered a non-diversified fund.
AdvisorShares MSOS Daily Leveraged ETF is most often compared with the following Financial Services names: