Short Interest in Tradr 2X Long Innovation 100 Monthly ETF (NASDAQ:MQQQ) Expands By 226.3%

Tradr 2X Long Innovation 100 Monthly ETF (NASDAQ:MQQQ) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 15,611 shares, a growth of 226.3% from the April 15th total of 4,784 shares. Based on an average daily volume of 25,374 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.0% of the shares of the stock are sold short.

Tradr 2X Long Innovation 100 Monthly ETF Stock Performance

Shares of NASDAQ:MQQQ traded down $6.36 during trading on Friday, hitting $230.81. 206,147 shares of the company’s stock were exchanged, compared to its average volume of 20,964. Tradr 2X Long Innovation 100 Monthly ETF has a 52-week low of $132.00 and a 52-week high of $238.40. The business’s 50-day simple moving average is $185.40 and its 200 day simple moving average is $184.36.

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.