MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) Short Interest Down 54.5% in August

MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 475 shares, a decline of 54.5% from the July 30th total of 1,044 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 779 shares, the short-interest ratio is presently 0.6 days.

MUSQ Global Music Industry Index ETF Stock Performance

Shares of NYSEARCA MUSQ traded up $0.18 during midday trading on Friday, reaching $25.61. The stock had a trading volume of 16 shares, compared to its average volume of 855. The stock has a 50-day moving average of $25.41 and a 200-day moving average of $25.70. The company has a market capitalization of $21.51 million, a price-to-earnings ratio of 29.04 and a beta of 0.86. MUSQ Global Music Industry Index ETF has a 12-month low of $23.22 and a 12-month high of $30.45.

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.