Tradr 2X Long Innovation 100 Monthly ETF (NASDAQ:MQQQ) Sees Significant Decline in Short Interest

Tradr 2X Long Innovation 100 Monthly ETF (NASDAQ:MQQQ) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,043 shares, a drop of 84.3% from the May 14th total of 6,635 shares. Based on an average trading volume of 113,829 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

Tradr 2X Long Innovation 100 Monthly ETF Trading Down 0.4%

Shares of MQQQ stock traded down $0.95 during midday trading on Friday, hitting $231.73. The company had a trading volume of 8,201 shares, compared to its average volume of 33,404. The company’s 50 day simple moving average is $212.66 and its 200 day simple moving average is $191.02. Tradr 2X Long Innovation 100 Monthly ETF has a 52-week low of $141.18 and a 52-week high of $253.87.

Tradr 2X Long Innovation 100 Monthly ETF Company Profile

The Tradr 2X Long Triple Q Monthly ETF (MQQQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, seeking to provide 2x the exposure to the monthly price return of the Invesco QQQ Trust (ticker: QQQ-US) through swap agreements with major global financial institutions. MQQQ was launched on Sep 3, 2024 and is issued by Tradr.