Next Frontier Internet ETF (NYSEARCA:FMQQ – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 900 shares, a growth of 80.0% from the September 30th total of 500 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.
Next Frontier Internet ETF Price Performance
Shares of NYSEARCA FMQQ opened at $14.94 on Monday. The company has a market capitalization of $31.82 million, a price-to-earnings ratio of 21.89 and a beta of 1.11. The business has a 50-day moving average of $15.08 and a two-hundred day moving average of $14.60. Next Frontier Internet ETF has a 1 year low of $11.47 and a 1 year high of $15.84.
Institutional Trading of Next Frontier Internet ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in shares of Next Frontier Internet ETF by 132.3% in the 1st quarter. Jane Street Group LLC now owns 46,503 shares of the company’s stock valued at $586,000 after purchasing an additional 26,482 shares during the last quarter. OLD Mission Capital LLC increased its position in Next Frontier Internet ETF by 89.7% during the 1st quarter. OLD Mission Capital LLC now owns 87,766 shares of the company’s stock worth $1,106,000 after purchasing an additional 41,496 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in Next Frontier Internet ETF during the 1st quarter worth approximately $430,000.
About Next Frontier Internet ETF
The FMQQ Next Frontier Internet & Ecommerce ETF (FMQQ) is an exchange-traded fund that is based on the FMQQ index. The fund is a passively managed fund that invests in internet and e-commerce companies from emerging and frontier markets. FMQQ was launched on Sep 28, 2021 and is managed by FMQQ.
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