Tradr 2X Long Innovation 100 Quarterly ETF (NASDAQ:QQQP) Sees Large Drop in Short Interest

Tradr 2X Long Innovation 100 Quarterly ETF (NASDAQ:QQQP) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 2,199 shares, a drop of 24.4% from the December 31st total of 2,908 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 4,228 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 4,228 shares, the days-to-cover ratio is currently 0.5 days. Currently, 2.0% of the company’s shares are short sold.

Tradr 2X Long Innovation 100 Quarterly ETF Stock Down 2.6%

NASDAQ QQQP traded down $4.75 on Friday, hitting $178.47. 679 shares of the company were exchanged, compared to its average volume of 3,484. The stock has a fifty day moving average of $178.26 and a 200-day moving average of $169.87. Tradr 2X Long Innovation 100 Quarterly ETF has a 12 month low of $82.50 and a 12 month high of $190.01.

About Tradr 2X Long Innovation 100 Quarterly ETF

The Tradr 2X Long Triple Q Quarterly ETF (QQQP) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, aiming to provide 2x exposure to the Invesco QQQ Trusts (ticker: QQQ-US) quarterly price returns through swap agreements with major global financial institutions. QQQP was launched on Sep 30, 2024 and is issued by Tradr.