MSOX - AdvisorShares MSOS 2x Daily ETF

2x MSOS daily exposure in a single trade

Designed for sophisticated investors looking to gain magnified exposure to the U.S. cannabis sector. 

Symbol Exchange Inception Date CUSIP
MSOX NYSE Arca 8/23/2022 00768Y313
<strong>What Does MSOX Invest In</strong>
The AdvisorShares MSOS 2x Daily ETF (ticker: MSOX) is designed for sophisticated investors looking to gain magnified exposure to the U.S. cannabis sector. As an actively managed, leveraged ETF, MSOX seeks daily investment results (before fees and expenses) that correspond to two times (2x) the daily performance of the AdvisorShares Pure US Cannabis ETF (ticker: MSOS). To generate this amplified cannabis exposure, MSOX will invest in swap agreements on MSOS, which seeks growth opportunities by offering exposure to U.S. companies across multiple industries engaged in the cannabis business.
<strong>Why Invest in MSOX?</strong>
  • Magnified Exposure to Cannabis – MSOX seeks to amplify the returns of cannabis investing for a single day.
  • Increase Buying Power – MSOX offers 2x the cannabis exposure in a single trade, allowing you to overweight your cannabis holdings for less cash.
  • Easy Access to U.S. Cannabis Exposure – MSOX (and MSOS) trade on the NYSE Arca exchange, offering exposure to multiple cannabis securities in a convenient, single trade. To buy U.S. cannabis companies on your own, investors will need to seek these stocks out in smaller, foreign exchanges.
<strong>Where Can MSOX Fit in a Traditional Portfolio?</strong>
MSOX is designed for short-term trading. MSOX can be used to gain dedicated, magnified exposure to the U.S. cannabis market.
<strong>Key Attributes</strong>
  • Dedicated U.S. Cannabis Exposure – Even with limited legal availability, the U.S. cannabis market is the largest in the world and is forecast to remain so into the immediate future. The U.S. is also recognized as a leader in the cannabis space, having a reputation for creating some of the best and innovative products, as well as, mastering large scale cultivation. With exposure to U.S. companies spanning a variety of cannabis-related businesses, MSOX seeks to take advantage of this growth opportunity.
  • Emerging Growth Opportunity – Cannabis securities span multiple industries including agriculture, biotechnology, pharmaceutical, real estate, retail, finance, and other medical applications. The portfolio manager believes that an evolving landscape of select, cannabis-related companies may provide upside potential that may lead to attractive growth opportunities, including the potential for merger and acquisition activity as the market matures and evolves.
  • Active Management – The cannabis marketplace is quickly evolving, witnessing ongoing innovation, and seeing an influx of new companies. Additionally, cannabis-related securities can experience fluctuation and rapid change. While MSOX passively invests in MSOS, MSOS is actively managed and can adjust its portfolio more quickly and opportunistically than a passive index-based strategy that must wait for periodic rebalancing. 
<strong>Important Investor Considerations</strong>

Leveraged investing is not for everyone. MSOX is intended for sophisticated investors who understand and accept the potential for substantial losses over a short time frame; understand the unique nature and performance characteristics of daily leveraged investment results; and intend to actively monitor and manage their portfolio. 

MSOX is designed to track the performance of MSOS for only one day. Due to the compounding of daily returns, holding periods of greater than one day can result in MSOX having returns that are significantly different than MSOS’s return. The volatile nature of the cannabis sector may make the return difference more pronounced.

If leveraged cannabis investing is not suitable for you, consider the AdvisorShares Pure US Cannabis ETF (MSOS) or the AdvisorShares Pure Cannabis ETF (YOLO) which invest in the US or global cannabis markets, respectively, without using leverage.

<strong>About the Portfolio Manager</strong>

Dan Ahrens, Portfolio Manager

Mr. Ahrens is a Managing Director and the Chief Operating Officer of AdvisorShares. He is the portfolio manager of several AdvisorShares ETFs: MSOS 2x Daily ETF (ticker: MSOX), Pure US Cannabis ETF (ticker: MSOS) – the first ETF to offer U.S.-exclusive cannabis exposure, Pure Cannabis ETF (ticker: YOLO), Vice ETF (ticker: VICE), Hotel ETF (ticker: BEDZ), Restaurant ETF (ticker: EATZ), and Drone Technology ETF (ticker: UAV).

He carries over two decades of experience in the financial services industry serving in a variety of senior-level capacities and is the author of Investing in Cannabis (Wiley, 2020) and Investing in Vice (St. Martin’s Press, 2004). Additionally, Mr. Ahrens has appeared on numerous financial programs including CNBC, CNN, Fox Business, ABC News and Bloomberg and has been featured, along with funds under his management in major national and trade publications including The Economist, the New York Times, Financial Times, and The Wall Street Journal.

MSOX Overview 

Get a quick and easy introduction to the MSOX ETF.  

MSOX Overview

  Get a quick and easy introduction to the MSOX ETF.

Fund

Price History

Fund Data

10/3/2022
NAV $14.73
Change $0.89
Shares Outstanding 100,000
Assets Under Management $1,472,522.55

 

 

 

 

Market Data

10/3/2022
Closing Price $14.67
Close Change $0.93
Volume 13,175

Regulatory Data

10/4/2022
Premium Discount $-0.100
30-Day Median bid-ask Spread 0

FUND

Characteristics

As of 7/31/2022

MSOS Country Allocation

100% United States

MSOS Market Capitalization

Source: Morningstar & AdvisorShares

MSOS Sector Allocation

FUND

Performance

Coming Soon

Fund

Holdings

As of

About That Cash>>

Excel    CSV

Date Account Symbol Stock Ticker Security Number Security Description Shares/Par (Full) Price (Base) Traded Market Value (Base) Portfolio Weight % Asset Group
10/04/2022 MSOS GTBIF GTBIFFFS GREEN THUMB INDUSTRIES SWAP REC 10,795,220.00 10.35 111,730,527.00 21.45% TW
CURLF CURLFFFS CURALEAF HOLDINGS INC SWAP REC 19,238,295.00 4.90 94,267,645.50 18.10% TW
TCNNF TCNNFFFS TRULIEVE CANNABIS SWAP REC 8,725,381.00 9.15 79,837,236.15 15.33% TW
VRNOF VRNOFFFS VERANO HOLDINGS CORP SWAP REC 12,480,784.00 4.46 55,664,296.64 10.69% TW
CRLBF CRLBFFFS CRESCO LABS INC SWAP REC 14,922,643.00 2.71 40,440,362.53 7.76% TW
CCHWF CCHWFFFS COLUMBIA CARE INC SWAP REC 17,617,174.00 1.26 22,197,639.24 4.26% TW
TRSSF TRSSFFFS TERRASCEND CORP SWAP REC 13,307,731.00 1.38 18,364,668.78 3.53% TW
JUSHF JUSHFFFS JUSHI HOLDINGS INC SWAP REC 11,426,698.00 1.27 14,511,906.46 2.79% TW
AYRWF AYRWFFFS AYR WELLNESS INC REC 5,300,911.00 2.58 13,676,350.38 2.63% TW
IIPR 45781V101 INNOVATIVE INDUSTRIAL PROPER 133,310.00 97.47 12,993,725.70 2.49% S
GRWG 39986L109 GROWGENERATION CORP 3,112,230.00 3.81 11,857,596.30 2.28% S
PLNHF PLNHFFFS PLANET 13 HOLDINGS SWAP REC 6,669,285.00 1.18 7,869,756.30 1.51% TW
FFNTF FFNTFFFS 4FRONT VENTURES CORP SWAP REC 22,666,571.00 0.34 7,800,700.41 1.50% TW
GDNSF GDNSFFFS GOODNESS GROWTH HOLDINGS INC 4,890,230.00 0.93 4,528,842.00 0.87% TW
PW 73933H101 POWER REIT 288,572.00 11.53 3,327,235.16 0.64% S
GLASF GLASFFFS GLASS HOUSE BRANDS SWAP REC 1,300,000.00 2.28 2,964,000.00 0.57% TW
HYFM 44888K209 HYDROFARM HOLDINGS GROUP INC 1,364,873.00 2.10 2,866,233.30 0.55% S
GRAMF GRAMFFFS GRAMF TPCO HOLD CORP SWAP REC 5,592,948.00 0.48 2,684,615.04 0.52% TW
AFCG 00109K105 AFC GAMMA INC 157,129.00 16.39 2,575,344.31 0.49% S
UGRO 91704K202 URBAN-GRO INC 558,799.00 3.16 1,765,804.84 0.34% S
RIV BMFBP84 RIV CAPITAL INC 4,512,850.00 0.38 1,693,377.11 0.33% FS
CXXIF CXXIFFFS C21 INVESTMENTS INC SWAP REC 7,877,268.00 0.19 1,496,680.92 0.29% TW
ACRHF ACRHFFFS ACREAGE HOLDINGS SUB VTG CL E ORD SWAP REC 2,438,467.00 0.58 1,414,310.86 0.27% TW
VEXTF VEXTFFFS VAPEN MJ VENTURES CORP SWAP REC 4,856,256.00 0.20 954,691.37 0.18% TW
LOWLF LOWLFFFS LOWELL FARMS INC-SUB SWAP REC 4,664,503.00 0.17 808,358.37 0.16% TW
CBDHF 423821107 HEMPFUSION WELLNESS INC 8,014,431.00 0.04 342,616.93 0.07% FS
MRMD MRMDTRS MARIMED INC 400,000.00 0.41 164,080.00 0.03% TW
X9USDBLYT X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 558,643,111.80 1.00 558,643,111.80 107.24% MM
9999FWD$M 9999FWD$M DERIVATIVES COLLATERAL 50,320,000.00 100.00 50,320,000.00 9.66% MM
CASH (606,814,945.91) 100.00 (606,814,945.91) -116.48% CA
Holdings and allocations are subject to risks and to change. A holding identified with an “MM” at the end of its name indicates it is a Money Market fund.

As of 10/04/2022

Excel    CSV

Date Account Symbol Stock Ticker Security Number Security Description Shares/Par (Full) Price (Base) Traded Market Value (Base) Portfolio Weight % Asset Group
10/04/2022 MSOX MSOS MSOSTRS ADVISORSHARES TR PURE US CANNABIS SWAP 316,744.00 9.40 2,977,393.60 197.62% TW
X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 1,770,102.57 1.00 1,770,102.57 117.49% MM
CASH -3,240,881.04 100.00 -3,240,881.04 -215.11% CA
Holdings and allocations are subject to risks and to change. A holding identified with an “MM” at the end of its name indicates it is a Money Market fund.

FUND

Fees & Expenses

Management Fee 0.85%
Other Expenses 0.27%
Total Annual Operating Expenses  1.12%
Fee Waiver/Expense Reimbursement  -0.17%
Total Annual Operating Expenses After Fee Waiver/Expense Reimbursement  0.95%

The Advisor has contractually agreed to reduce its fees and/or reimburse expenses to keep net expenses (excluding amounts payable pursuant to any plan adopted in accordance with Rule 12b-1, interest expense, taxes, brokerage commissions, acquired fund fees and expenses, other expenditures which are capitalized in accordance with generally accepted accounting principles, and extraordinary expenses) from exceeding 0.95% of the Fund’s average daily net assets for at least one year from the date of the Prospectus.

Last Ten

Fund Distributions

Coming Soon

Leveraged Exposure

US

Global

Trader Leverage
2X Daily

MSOX

AdvisorShares MSOS 2x Daily ETF

Intelligent Leverage
Up to 1.5x

PSDN

AdvisorShares Poseidon Dynamic Cannabis ETF

No Leveraged Exposure

US

Global

US Cannabis

MSOS

AdvisorShares Pure US Cannabis ETF

.
Global Cannabis

YOLO

AdvisorShares Pure Cannabis ETF

  • Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.AdvisorShares.com. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor. 
  •    
  • The Fund is an actively managed ETF that seeks to provide investment results that are two times (2x) the daily total return, before fees and expenses, of the US Cannabis ETF, an affiliated ETF, by entering into one or more swaps agreements on the US Cannabis ETF. The Fund does not seek to achieve its stated investment objective for a period of time different than a single day. A single day is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation.The Fund will enter into one or more swap agreements intended to produce economically-leveraged investment results relative to the returns of the US Cannabis ETF. The Fund may use a combination of swaps on the US Cannabis ETF and swaps on various investment vehicles that are designed to track the performance of the US Cannabis ETF. The Fund expects that cash balances in connection with the use of such financial instruments (“Collateral”) will typically be held in money market instruments or other cash equivalents.The Fund is subject to a number of risks that may affect the value of its shares. This section provides additional information about the Fund’s principal risks. The degree to which a risk applies to the Fund varies according to its investment allocation. Each investor should review the complete description of the principal risks before investing in the Fund. As with investing in other securities whose prices increase and decrease in market value, you may lose money by investing in the Fund.

    Cannabis-Related Company Risk – Cannabis-related companies are subject to various laws and regulations that may differ at the state/local and federal level. These laws and regulations may (i) significantly affect a cannabis-related company’s ability to secure financing, (ii) impact the market for marijuana industry sales and services, and (iii) set limitations on marijuana use, production, transportation, and storage. Cannabis-related companies may also be required to secure permits and authorizations from government agencies to cultivate or research marijuana. In addition, cannabis-related companies are subject to the risks associated with the greater agricultural industry, including changes to or trends that affect commodity prices, labor costs, weather conditions, and laws and regulations related to environmental protection, health and safety. Cannabis-related companies may also be subject to risks associated with the biotechnology and pharmaceutical industries. These risks include increased government regulation, the use and enforcement of intellectual property rights and patents, technological change and obsolescence, product liability lawsuits, and the risk that research and development may not necessarily lead to commercially successful products.

  • Leverage Risk – Leverage is investment exposure that exceeds the initial amount invested. The loss on a leveraged investment may far exceed the Fund’s principal amount invested. Leverage may magnify the Fund’s gains and losses and, therefore, increase volatility. The use of leverage may result in the Fund having to liquidate holdings when it may not be advantageous to do so.
  • Shares are bought and sold at market price not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.