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 recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,635 shares, a decline of 57.5% from the April 30th total of 15,611 shares. Based on an average trading volume of 96,424 shares, the short-interest ratio is presently 0.1 days. Currently, 0.9% of the company’s shares are sold short.

Tradr 2X Long Innovation 100 Monthly ETF Stock Performance

Shares of MQQQ stock traded up $1.69 during trading hours on Friday, reaching $247.64. The company had a trading volume of 82,047 shares, compared to its average volume of 29,179. Tradr 2X Long Innovation 100 Monthly ETF has a 1-year low of $135.20 and a 1-year high of $249.22. The company has a 50 day moving average of $198.42 and a 200 day moving average of $187.38.

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.