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

Tradr 2X Long Innovation 100 Monthly ETF (NASDAQ:MQQQ) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 10,896 shares, a growth of 75.5% from the September 15th total of 6,208 shares. Based on an average trading volume of 57,936 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.0% of the shares of the stock are short sold.

Tradr 2X Long Innovation 100 Monthly ETF Stock Performance

MQQQ traded down $2.69 during midday trading on Thursday, reaching $230.27. 804 shares of the company’s stock were exchanged, compared to its average volume of 41,526. Tradr 2X Long Innovation 100 Monthly ETF has a 1-year low of $145.39 and a 1-year high of $255.64. The business’s 50-day moving average price is $233.72 and its 200 day moving average price is $223.05.

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.