MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) Sees Significant Drop in Short Interest

MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 475 shares, a decrease of 54.5% from the July 30th total of 1,044 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 779 shares, the days-to-cover ratio is presently 0.6 days.

MUSQ Global Music Industry Index ETF Stock Performance

Shares of NYSEARCA:MUSQ traded up $0.18 during trading on Friday, reaching $25.61. The stock had a trading volume of 16 shares, compared to its average volume of 855. The business has a fifty day moving average price of $25.41 and a 200-day moving average price of $25.70. The stock has a market cap of $21.51 million, a PE ratio of 29.04 and a beta of 0.86. MUSQ Global Music Industry Index ETF has a 1-year low of $23.22 and a 1-year high of $30.45.

MUSQ Global Music Industry Index ETF Company Profile

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.