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 decrease in short interest in January. As of January 30th, there was short interest totaling 864 shares, a decrease of 60.7% from the January 15th total of 2,199 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 2,508 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 2,508 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.8% of the company’s stock are sold short.

Tradr 2X Long Innovation 100 Quarterly ETF Stock Down 3.0%

Shares of NASDAQ QQQP traded down $5.22 during mid-day trading on Thursday, hitting $168.23. The company had a trading volume of 2,418 shares, compared to its average volume of 2,694. The business’s 50-day simple moving average is $177.59 and its 200 day simple moving average is $170.88. Tradr 2X Long Innovation 100 Quarterly ETF has a 1-year low of $82.50 and a 1-year high of $190.01.

Tradr 2X Long Innovation 100 Quarterly ETF Company Profile

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.