MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) Short Interest Up 871.1% in June

MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 806 shares, a growth of 871.1% from the May 31st total of 83 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 671 shares, the short-interest ratio is currently 1.2 days.

MUSQ Global Music Industry Index ETF Stock Performance

Shares of MUSQ stock traded up $0.34 during trading on Friday, hitting $24.54. 18 shares of the company were exchanged, compared to its average volume of 504. The business’s 50-day simple moving average is $25.72 and its 200 day simple moving average is $26.42. MUSQ Global Music Industry Index ETF has a twelve month low of $23.22 and a twelve month high of $30.45. The firm has a market capitalization of $21.10 million, a price-to-earnings ratio of 29.04 and a beta of 0.84.

About MUSQ Global Music Industry Index ETF

The MUSQ Global Music Industry ETF (MUSQ) is an exchange-traded fund that is based on the MUSQ Global Music Industry index. The fund selects and weights its holdings based on market capitalization, of companies tied to the global music industry. Components are publicly traded companies and royalty funds with a core business interest in the music industry. MUSQ was launched on Jul 6, 2023 and is managed by MUSQ.