AdvisorShares MSOS Daily Leveraged ETF

Category LeverageIssuer AdvisorSharesNet assets $45mFee 0.97%

MSOX bid-ask spread and liquidity

See what MSOX costs to trade and how closely it tracks its value.

Not scored

IQ Liquidity Score

· 3 of 6 measured · Nov 11, 2026

$26

one way, a $10,000 order

$60,056

its holdings can absorb a day

+1.60%

latest close, Nov 11

±2.12%

95% of days within

0 · Hard to trade100 · Trades like a giant

How easily this fund trades, from 0 to 100 on the same anchors for every fund; 100 is best. Method →

Cost to trade

0.52% median spread, 30 days to Nov 11, 2026

29.0

Capacity

Holdings can absorb $60,056 a day, Nov 11, 2026

0.0

Price fidelity

Not measured · 3 days of closing premium are held, under the 20 needed

Primary market

4 active dealers of 23; largest 46% of creations and redemptions, N-CEN to Jun 30, 2026

65.0

Bad-day behaviour

Not measured · 0 of the 10 worst days and 3 other days are held, under the 5 and 60 needed

Depth

Not measured · needs trade and quote data

Capacity: what its holdings can absorb in a day. Price fidelity: how close its price stays to NAV, the value of what it holds. Primary market: the dealers who create and redeem its shares. Bad-day behaviour: its premium on the market’s worst days. Depth: the dollars quoted at the bid and the ask. How to read the score →

MSOX is not scored: its spread is not read, so it has no point on this chart. 248 scored Leverage ETFs are plotted for comparison, Nov 12, 2026.

Spread against score

MSOX among Leverage ETFs

Cheaper to trade sits left, easier to trade sits up.

248 scored

Hard to tradeThinLiquid with careLiquidTrades like a giantNov 12, 2026

What a trade costs

One way, half its 30-day median spread; sizes above $10,000 are estimates

MSOX: cost for your order at each size, one way
Order	Dollars	Percent	Basis
$1,000	$2.63	0.26%	tick floor
$10,000	$26	0.26%	tick floor
$100,000	$15,670	15.67%	estimate
$1,000,000	$489,834	48.98%	estimate

At least $26 one way at $10,000: half a one-cent tick at its close, since its issuer prints its 30-day median spread as 0.52%. Spread 0.52%, the median over the 30 days to Nov 11, 2026. A round trip costs twice this. Above $10,000 it adds an estimate of price impact.

Premium or discount to valueDaily, 3 days to Nov 11, 2026 · the ±1% band marked

Above zero: a premium. Below: a discount.

Latest close, Nov 11

+1.60%

95% of days within

±2.12%

Days more than 1% from NAV

3 of 3

Widest

−2.12%, Nov 10, 2026

CapacityWhat its holdings making up 95% of the weight can absorb a day, at 10% of each one’s volume

Holdings can absorb

$60,056

MSOX’s holdings can absorb $60,056 a day, measured on the holdings of MSOS, the asset its multiple is on, divided by its multiple of 2, as of Nov 11, 2026. A $1m order is 1665.12% of a day’s capacity.

The holding that sets the limit: TERRASCEND CORP (TSNDF), 2.70% of the fund, $125,537 a day traded, the median of 20 days to Nov 11, 2026.

Who makes the market

Authorized participants · N-CEN, the year to Jun 30, 2026

Active dealers

of 23 authorized

Largest

46%

of creations and redemptions

One dealer

4 active

4 of 23 authorized participants created or redeemed MSOX shares in the year to Jun 30, 2026. From the fund’s Form N-CEN, filed Sep 10, 2026.

APs create and redeem shares. Every AP →

Active APs, largest first, by share of dollars created and redeemed: Virtu Americas LLC (46.4%), Goldman Sachs & Co. LLC (23.1%), Jane Street Capital, LLC (17.6%), Mirae Asset Securities (USA) Inc. (12.9%). 19 more were listed and created or redeemed nothing.

What retail orders paid

One way on $10,000, Sep 2026

All wholesalers read

$22

Schwab customers

$15

Robinhood customers

$32

Fidelity customers

$38

In Sep 2026, retail market orders in MSOX paid $22 one way on $10,000, against $18 at the quote.

68% of shares filled better than the quote.

MSOX ranked 689th of 4,090 ETFs by retail order activity in Sep 2026, an ETFIQ estimate.

0.01% of the market-order dollars in 3 retail brokers’ reports. Buys and sells together. Retail activity ranking →

Where it trades

Q2 2026, 62 trading days

Off exchange

68%

Odd lots, of exchange volume

2.9%

In Q2 2026, 68% of MSOX’s shares traded off exchange on the median day.

Off exchange means wholesalers and dark pools. Odd lots are orders under 100 shares, a sign of retail trading.

How to place the order

To buy or to sell, up to $100,000

Order type: Limit: midpoint + 1¢ to buy, midpoint − 1¢ to sell.At the Nov 11 close of $1.90, that’s $1.91 to buy and $1.89 to sell.
When: ETF spreads are usually widest in the first minutes after the open and the last before the close.
Size: Up to $601 is 1% of what its holdings can absorb in a day, for a buy or a sell.
Watch: The premium to NAV, charted above: a buyer pays more, and a seller gets less, when it is wide.

Why low volume does not mean illiquid →Limit orders vs market orders for ETFs →

Not measured yet: these need trade data

Spread through the day

Median spread by half hour, 30 days.

Buyers against sellers

Volume bought at the ask against volume sold at the bid.

Large trades

Trades above $500k: how many, and their share of volume.

Closing auction

Share of the day’s volume at the close.

Questions people ask

What is MSOX’s bid-ask spread?

0.52% of the midpoint, the median over the 30 days to Nov 11, 2026, as its issuer states it. Half of it is about 1¢ a share at the Nov 11 close.

Does MSOX trade at a premium or discount to NAV?

It closed +1.60% from its NAV on Nov 11, 2026. On 95% of the 3 days to then it was within ±2.12%, and it closed more than 1% from NAV on 3 of them.

Who is the AP for MSOX?

MSOX’s latest Form N-CEN, for the period ending Jun 30, 2026, lists 23 authorized participants (APs), and 4 created or redeemed shares. The largest were Virtu Americas LLC (46.4%), Goldman Sachs & Co. LLC (23.1%), Jane Street Capital, LLC (17.6%) of the dollars its APs created and redeemed.

Who is the LMM for MSOX?

MSOX’s lead market maker (LMM) on NYSE Arca is Virtu Americas LLC. Lead market maker per NYSE Arca, as of Nov 9, 2026.

What does it cost to trade $10,000 of MSOX?

At least $26 one way, 0.26%: half a one-cent tick, since its issuer prints its 30-day median spread as 0.52%. In and out costs twice that.

How do I place a limit order for MSOX?

Set the limit at the midpoint + 1¢ to buy, or the midpoint − 1¢ to sell, in your broker’s quote. At the Nov 11 close of $1.90, that’s $1.91 to buy and $1.89 to sell.

Where to next

ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →MSOX fund page→

Sources and dates

SpreadAdvisorShares (fund page), 30-day median · to Nov 11, 2026

Premium to NAVETFIQ, close against the issuer’s NAV · Nov 9, 2026 to Nov 11, 2026

CapacityETFIQ, each holding’s 20-day median dollar volume · to Nov 11, 2026

DealersForm N-CEN · the year to Jun 30, 2026

Retail ordersSEC Rule 605 reports · Sep 2026

Where it tradesSEC MIDAS · Q2 2026

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.

Cite this pageCitation, APA and Markdown

ETFIQ, MSOX trading: cost, capacity, premium and dealers, data as of Nov 11, 2026. https://etfiq.com/funds/msox/trading/

Open data →

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.

Cost at your size MSOX fund page