MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) Sees Large Growth in Short Interest

MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 806 shares, an increase of 871.1% from the May 31st total of 83 shares. Based on an average daily volume of 671 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.1% of the shares of the stock are sold short.

MUSQ Global Music Industry Index ETF Price Performance

MUSQ stock opened at $24.20 on Friday. MUSQ Global Music Industry Index ETF has a one year low of $23.22 and a one year high of $30.45. The stock has a market cap of $20.81 million, a PE ratio of 29.04 and a beta of 0.84. The firm has a 50 day simple moving average of $25.75 and a two-hundred day simple moving average of $26.44.

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.