BenzingaT3·5mo ago
MUSQ MUSQ Global Music Industry Index ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
MUSQ
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Key stats
About
MUSQ Global Music Industry Index ETF (MUSQ) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2023-07-06
- Has Options
- No
Fund profile
holdings as of Apr 30, 2026SEC filingthrough Jul 2026flows, SEC filings
- Expense ratio
- 0.76% prospectus, filed Aug 26, 2025
- Assets
- $21M shares × price, Oct 9, 2026
- Trailing yield
- 0.71% paid annual
- Average daily volume
- $4K 30 sessions
- Holdings
- 32 top 10 are 68.5%
- Listed
- Jul 6, 2023 NYSE Arca
- Last fee change
- -1 bp filed Aug 26, 2025
- Tracking difference
- -0.98 pts vs index, after fees, FY 2026
Cost14
Liquidity0
Scale12
Diversification40
Moves with. US large-cap stocks (46% of its variance, beta 1.07); Bitcoin (3% of its variance, beta 0.04). These factors explain 45% of its daily moves over the last year.
Stated objective. The MUSQ Global Music Industry Index ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MUSQ Global Music Industry Index (the Index). (from the fund's prospectus)
All 32 holdingsFlow historySimilar fundsOverlap toolAll Global ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- $0 latest reported month
- Latest 3 months
- +$740K +3.3% of assets
- Latest 12 months
- +$982K +4.4% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | $0 |
| Jun 2026 | −$507K |
| May 2026 | +$1.2M |
| Apr 2026 | $0 |
| Mar 2026 | $0 |
| Feb 2026 | $0 |
| Jan 2026 | $0 |
| Dec 2025 | $0 |
| Nov 2025 | $0 |
| Oct 2025 | $0 |
| Sep 2025 | $0 |
| Aug 2025 | +$242K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 39 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| CARKCastleArk Large Growth ETF | 15% | 0.54% | $353M | +13.0% | compare |
| LSVDLSV Disciplined Value ETF | 14% | 0.40% | $679M | +29.0% | compare |
| KIQQKraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF | 13% | 0.79% | $2.6M | — | compare |
| SOCLGlobal X Funds Global X Social Media ETF | 13% | 0.65% | $87M | −25.8% | compare |
| SXQGETC 6 Meridian Quality Growth ETF | 12% | 0.55% | $63M | +3.0% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Apr 30, 2026SEC filing- Above 200-day average
- 82% 58% above 50-day · by weight
- Insider buying
- 0% of weight had net insider buying, 90 days; 16% net selling
- 13F holders
- +6.9% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 9.3% in 14
Holdings reporting in the next 14 days
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Jan 31, 2026 → Apr 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | TMETENCENT MUSIC ENTERTAINMENT GROUP | 7.79% | 6.69% | +52.4% |
| Exit | GROUPE STINGRAY INC | 1.05% | — | — |
| New position | STINGRAY GROUP INC | — | 0.98% | — |
| Exit | NexTone Inc | 0.92% | — | — |
| Exit | Knowmerce Corp | 0.49% | — | — |
| Increase | Venu Holding Corp | 0.37% | 0.66% | +143.4% |
| Increase | JYP Entertainment Corporation | 1.82% | 2.10% | +35.5% |
| Increase | Netease Cloud Music Inc | 2.33% | 2.07% | +36.0% |
| Increase | YG PLUS, INC. | 0.66% | 0.89% | +87.7% |
| Increase | MERRY ELECTRONICS CO., LTD. | 0.46% | 0.67% | +65.0% |
2 new, 3 exited, 10 increased and 3 decreased between the fund's two latest holdings reports; turnover 6.4%. Full holdings and history
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 1 active of 15 with agreements; top 3 did 100%
- Created · redeemed
- $0 · $1.0M over the fiscal year
- Redemptions in kind
- 87% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
- Return vs index
- -0.98 pts after fees; -0.22 before; daily s.d. 0.32
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-04-30
Holdings
33
AUM
$24.0M
Provider
Nport
Inception
2023-07-06
Exchange
ARCX
Data As Of
2026-04-30
Expense Ratio
0.76%
Dividend Yield
0.71%
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-30 | 2025-12-31 | $0.1777 | CD |
| 2024-12-30 | 2024-12-31 | $0.2553 | CD |
| 2023-12-26 | 2023-12-29 | $0.1867 | CD |
Asset Allocation
Top Holdings
top 33 of 33 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| LYV | LIVE NATION ENTERTAINMENT, INC. | 10.48% | Equity (common) | US |
| — | Universal Music Group N.V. | 10.48% | Equity (common) | NL |
| SPOT | SPOTIFY TECHNOLOGY S.A. | 10.33% | Equity (common) | US |
| TME | TENCENT MUSIC ENTERTAINMENT GROUP | 7.79% | Equity (common) | US |
| — | CTS Eventim AG & Co. KGaA | 5.54% | Equity (common) | DE |
| GOOGL | ALPHABET INC. | 5.10% | Equity (common) | US |
| — | APPLE INC. | 5.05% | Equity (common) | US |
| — | HYBE Co., Ltd. | 5.05% | Equity (common) | KR |
| — | AMAZON.COM, INC. | 4.98% | Equity (common) | US |
| WMG | WARNER MUSIC GROUP CORP. | 4.88% | Equity (common) | US |
| — | YAMAHA CORPORATION | 4.88% | Equity (common) | JP |
| MSGE | MADISON SQUARE GARDEN ENTERTAINMENT CORP. | 4.61% | Equity (common) | US |
| SONO | SONOS, INC. | 3.24% | Equity (common) | US |
| — | Netease Cloud Music Inc | 2.33% | Equity (common) | HK |
| — | JYP Entertainment Corporation | 1.82% | Equity (common) | KR |
| — | SM ENTERTAINMENT CO., Ltd. | 1.11% | Equity (common) | KR |
| — | GROUPE STINGRAY INC | 1.05% | Equity (common) | CA |
| RSVR | RESERVOIR MEDIA, INC. | 0.98% | Equity (common) | US |
| — | Avex Inc. | 0.97% | Equity (common) | JP |
| — | Roland Corporation | 0.96% | Equity (common) | JP |
| — | AMUSE INC. | 0.94% | Equity (common) | JP |
| — | NexTone Inc | 0.92% | Equity (common) | JP |
| — | N/A | 0.88% | Short-term investment | US |
| — | Sony Group Corporation | 0.83% | Equity (common) | JP |
| — | YG Entertainment Inc | 0.79% | Equity (common) | KR |
| — | YG PLUS, INC. | 0.66% | Equity (common) | KR |
| DLB | DOLBY LABORATORIES, INC. | 0.64% | Equity (common) | US |
| — | PIA CORPORATION | 0.63% | Equity (common) | JP |
| SPHR | SPHERE ENTERTAINMENT CO. | 0.62% | Equity (common) | US |
| STUB | STUBHUB HOLDINGS, INC. | 0.55% | Equity (common) | US |
| — | Knowmerce Corp | 0.49% | Equity (common) | KR |
| — | MERRY ELECTRONICS CO., LTD. | 0.46% | Equity (common) | TW |
| — | Venu Holding Corp | 0.37% | Equity (common) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | -0.96% | 7.31% | -2.02% | 1.44% |
| Feb | -- | 0.15% | 3.39% | -1.16% | 0.79% |
| Mar | -- | 2.35% | -5.21% | -10.71% | -4.52% |
| Apr | -- | -3.39% | 2.61% | 5.75% | 1.66% |
| May | -- | -1.11% | 6.43% | 3.10% | 2.81% |
| Jun | -- | -0.57% | 6.61% | -5.93% | 0.04% |
| Jul | 3.45% | 0.19% | -3.29% | -2.65% | -0.57% |
| Aug | -4.95% | -0.56% | 7.12% | 1.43% | 0.76% |
| Sep | -4.31% | 6.14% | 2.88% | -1.97% | 0.69% |
| Oct | -3.46% | 1.48% | -1.97% | 2.62%* | -0.33% |
| Nov | 6.07% | 2.61% | -4.25% | -- | 1.48% |
| Dec | 3.80% | -2.87% | 1.47% | -- | 0.80% |
| Total | 0.01% | 3.14% | 24.29% | -11.90% | 3.88% |
* Only 4 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $25.07
SMA 50: $25.33
SMA 200: $25.97
Current: $25.13
EMA 12: $24.95
EMA 26: $25.09
MACD: -0.1416 | Signal: 0.0116
BEARISH
ADX (14): 8.51
RANGE
+DI: 48.06
−DI: 45.12
Momentum Oscillators
RSI (14): 50.54
NEUTRAL
Stoch %K: 55.79
Stoch %D: 37.87
Williams %R: -24.72
Volume & Volatility
BB Upper: $25.72
BB Lower: $24.42
NEUTRAL
OBV: -7,278
Vol SMA 20: 244
Vol ROC: 59.42%
ATR: $0.20
True Range: $0.09
HV 20: 15.4%
HV 30: 15.5%
HV 60: 20.0%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-09T00:00:00 – 2026-10-08T00:00:00
AI Analysis
LLM Stock Analysis Report: MUSQ
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Technical signals suggest a neutral trend, with short-term momentum indicators pointing to potential consolidation.
- Volatility is low relative to the market, indicating reduced risk.
Primary Risks:
- Lack of recent news headlines creates uncertainty around future price movements.
- No earnings data available limits analyst consensus and forecast accuracy.
Investment Thesis: MUSQ's stock price may experience limited movement in the short term, with a potential consolidation phase before resuming its upward trend. Recent low volatility and neutral technical signals suggest a defensive posture is warranted.
Recent News Sentiment Impact: Without recent news headlines, market sentiment remains uncertain, which could impact price movements.
Technical Analysis
Trend Direction: Medium-term (1-3 months) trend direction appears neutral, with short-term momentum indicators pointing to potential consolidation. No clear long-term trend emerges from the available data.
Support/Resistance Levels: The stock's current price ($28.91) is above the SMA 200 and SMA 50 levels, indicating potential resistance. The SMA 20 level at $29.03 serves as a nearby support level.
Momentum Signals:
- RSI (14): Neutral zone (44.72), indicating no strong buy or sell signal.
- MACD: Bearish momentum signals persist (-0.10 / Signal: 0.03 / Histogram: -0.13).
- Bollinger Bands: The stock is currently trading within the bands, suggesting a neutral momentum.
Volume Analysis: Low volume trends and institutional interest signals are difficult to interpret without recent news headlines or options activity data.
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available, leaving market sentiment uncertain.
Sentiment Assessment: Neutral sentiment prevails due to the lack of recent news.
Catalyst Identification: No clear catalysts emerge from the available data. Upcoming earnings or product launches might impact price movements.
Market Narrative: The absence of recent news and neutral technical signals creates uncertainty around future price movements, making it challenging to form a market narrative.
Risk & Volatility Assessment
Beta Interpretation: MUSQ's beta (0.77) is lower than the market average, indicating reduced risk relative to the SPY.
Volatility Regime: Low volatility regime prevails, with the stock moving less than the market.
Options Market Signals: No options data available limits signal interpretation.
Downside Protection: Support levels at SMA 20 and SMA 50 provide some downside protection.
Market Context & Positioning
Sector Performance: MUSQ's sector performance is neutral relative to its peers and the broader market.
Institutional Activity: Low institutional interest signals make it difficult to infer institutional activity.
Correlation Analysis: The stock moves relatively in sync with the market (R-squared interpretation), indicating a high degree of correlation.
Relative Valuation: MUSQ's valuation remains within its historical trading range, suggesting no clear relative value signal emerges.
Key Levels & Action Items
Critical Price Levels: SMA 20 at $29.03 and SMA 50 at $29.46 serve as key support levels.
Breakout/Breakdown Levels: No clear breakout or breakdown levels emerge from the available data.
Time-Sensitive Catalysts: No upcoming earnings dates, product launches, or regulatory changes are announced, making it challenging to identify time-sensitive catalysts.
Risk Management: Consider stop-loss levels at SMA 20 and SMA 50, and position sizing considerations based on market volatility.
This report provides a comprehensive analysis of MUSQ's stock performance using the provided technical indicators, news headlines (although none are available), and risk metrics. The analysis highlights the importance of considering multiple signals when forming an investment thesis and emphasizes the need for recent news headlines to better understand market sentiment.
Generated
News
All MUSQ news →
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MUSQ Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.8894
Alpha: -26.73%
Correlation: 0.6197
R-Squared: 38.4%
Stock Volatility: 18.7%
Market Volatility: 13.1%
Analysis Details
Benchmark: SPY
Data Points: 250
Period: 252 trading days
Data Points: 250
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
MUSQ Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
MUSQ Constituent Performance
Click any bar to view the full quote for that stock.
MUSQ Constituents (11 of 11)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| LYV | LIVE NATION ENTERTAINMENT, INC. | 10.48% | $170.33 | -0.59% | +0.92% | +0.11% |
| SPOT | SPOTIFY TECHNOLOGY S.A. | 10.33% | $529.14 | +0.52% | +11.89% | +0.64% |
| TME | TENCENT MUSIC ENTERTAINMENT GROUP | 7.79% | $8.38 | +5.28% | +8.27% | +5.01% |
| GOOGL | ALPHABET INC. | 5.10% | $351.66 | +0.97% | +2.38% | +3.89% |
| WMG | WARNER MUSIC GROUP CORP. | 4.88% | $28.72 | -0.66% | +7.10% | +1.38% |
| MSGE | MADISON SQUARE GARDEN ENTERTAINMENT CORP. | 4.61% | $80.84 | -1.00% | +1.21% | +2.08% |
| SONO | SONOS, INC. | 3.24% | $17.26 | +1.83% | -2.49% | +14.15% |
| RSVR | RESERVOIR MEDIA, INC. | 0.98% | $9.6 | +2.13% | +0.84% | +1.37% |
| DLB | DOLBY LABORATORIES, INC. | 0.64% | $58.74 | +0.50% | -0.25% | -8.90% |
| SPHR | SPHERE ENTERTAINMENT CO. | 0.62% | $106.41 | -2.60% | -17.03% | -25.85% |
| STUB | STUBHUB HOLDINGS, INC. | 0.55% | $6.12 | -0.33% | +13.12% | +1.49% |