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

Tradr 2X Long Innovation 100 Monthly ETF (NASDAQ:MQQQ) was the target of a large drop in short interest during 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 113,829 shares, the short-interest ratio is currently 0.0 days.

Tradr 2X Long Innovation 100 Monthly ETF Stock Performance

Shares of MQQQ traded down $8.24 during trading hours on Wednesday, hitting $218.10. 16,197 shares of the company were exchanged, compared to its average volume of 33,754. The firm’s 50 day moving average is $209.72 and its 200-day moving average is $190.26. Tradr 2X Long Innovation 100 Monthly ETF has a 52 week low of $141.18 and a 52 week high of $253.87.

About Tradr 2X Long Innovation 100 Monthly ETF

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.