Can a monk use their Deflect Missiles feature to catch an Arcane Archer fighter's Arcane Shot and then throw it back with the Arcane Shot magic still in use?
I looked at Arcane Shot and it doesn't say anything (from what I can tell) about it losing its magic after its shot. Its seventh level Magic Arrow feature (which makes nonmagical arrows magical for the purposes of overcoming resistance/immunity) says that it loses its magic after it hits or misses, but Arcane Shot doesn't say anything like that.
In summary, is there something I'm missing?