Tradr 2X Long Innovation 100 Monthly ETF (NASDAQ:MQQQ) Sees Large Decrease in Short Interest

Tradr 2X Long Innovation 100 Monthly ETF (NASDAQ:MQQQ) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,635 shares, a drop of 57.5% from the April 30th total of 15,611 shares. Based on an average daily trading volume, of 96,424 shares, the short-interest ratio is presently 0.1 days. Approximately 0.9% of the shares of the company are short sold.

Tradr 2X Long Innovation 100 Monthly ETF Stock Performance

NASDAQ MQQQ traded up $2.61 during trading hours on Tuesday, reaching $250.25. 23,146 shares of the company were exchanged, compared to its average volume of 29,120. Tradr 2X Long Innovation 100 Monthly ETF has a 1 year low of $137.45 and a 1 year high of $251.98. The business’s 50 day simple moving average is $200.09 and its 200-day simple moving average is $187.80.

About Tradr 2X Long Innovation 100 Monthly ETF

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.