Unlock the Market Insights: Investing in the Music Industry with MUSQ ETF - Business

Spotify Technology , with the ticker symbol SPOT , recently released its second - quarter earnings report , which exceeded analysts ' expectations . The company reported earnings of 274 million euros , beating the consensus view . Sales reached 3.8 billion euros , in line with projections . Moreover , Spotify saw growth in monthly active users , reaching 626 million users , and a 12 % increase in premium subscribers to 246 million.

 On Monday , SPOT stock closed at 95.45 , slightly up from Friday 's close . However , in pre - market trading on Tuesday , Spotify shares surged to 36 , a nearly 14 % increase.

In the Music industry , Spotify is a major player , but there are other entities like YouTube Music under Alphabet Inc. that offer exposure to the sector . The MUSQ Global Music Industry ETF , with the ticker symbol MUSQ , provides diversified exposure to the music ecosystem , covering various aspects of the industry , from streaming to live events . The ETF includes holdings like Spotify and Alphabet , offering investors a convenient way to access the music industry.

 The MUSQ ETF ended Monday 's session at 4.52 , showing a 1 % gain from the previous close . The fund seems to have reached a near - term bottom on June 24 and has been steadily gaining momentum.

Investors in the MUSQ ETF benefit from diversification across different components of the music industry , reducing market risk . The fund includes companies like Tencent Music Entertainment Group and Live Nation Entertainment Inc. , providing exposure to various segments of the industry . With Spotify 's strong quarterly results , the MUSQ ETF 's performance is expected to improve , potentially experiencing a significant increase.

 The ETF has been trading below its moving averages but shows signs of a U - shaped recovery , especially with the positive performance of Spotify . Investors can expect a boost in the MUSQ ETF following Spotify 's strong results.

In conclusion , Spotify 's impressive second - quarter earnings and growth in user numbers have positioned the company well in the music streaming industry . The MUSQ ETF offers investors a diversified approach to investing in the music sector , with exposure to key players like Spotify and Alphabet . As the music industry continues to evolve , these investment options provide opportunities for growth and market participation.