MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) Stock Short Interest Climbs 82.7%

MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 895 shares, a growth of 82.7% from the August 31st total of 490 shares. Based on an average daily volume of 217 shares, the days-to-cover ratio is currently 4.1 days. Currently, 0.1% of the shares of the stock are sold short.

MUSQ Global Music Industry Index ETF Stock Performance

MUSQ traded down $0.28 on Wednesday, reaching $24.72. The company had a trading volume of 249 shares, compared to its average volume of 781. The business has a 50 day simple moving average of $25.40 and a 200 day simple moving average of $25.42. The company has a market cap of $20.52 million, a price-to-earnings ratio of 29.04 and a beta of 0.87. MUSQ Global Music Industry Index ETF has a 52-week low of $23.22 and a 52-week high of $29.80.

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.