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

MUSQ Global Music Industry Index ETF (NYSEARCA:MUSQ) was the recipient of a large 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 217 shares, the short-interest ratio is currently 4.1 days.

MUSQ Global Music Industry Index ETF Stock Down 0.3%

Shares of MUSQ stock traded down $0.08 on Tuesday, reaching $25.00. The company’s stock had a trading volume of 118 shares, compared to its average volume of 784. MUSQ Global Music Industry Index ETF has a 12-month low of $23.22 and a 12-month high of $29.80. The company has a market capitalization of $20.75 million, a P/E ratio of 29.04 and a beta of 0.87. The stock’s 50 day simple moving average is $25.42 and its 200-day simple moving average is $25.43.

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.