Next Frontier Internet ETF (NYSEARCA:FMQQ) Sees Significant Increase in Short Interest

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 914 shares, a growth of 55.2% from the January 29th total of 589 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,895 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 4,895 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Next Frontier Internet ETF stock. Miller Global Investments LLC bought a new stake in Next Frontier Internet ETF (NYSEARCA:FMQQ) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 29,066 shares of the company’s stock, valued at approximately $402,000. Miller Global Investments LLC owned approximately 1.51% of Next Frontier Internet ETF at the end of the most recent quarter.

Next Frontier Internet ETF Stock Down 0.6%

Next Frontier Internet ETF stock opened at $12.54 on Friday. The firm has a market capitalization of $24.08 million, a PE ratio of 21.89 and a beta of 1.11. Next Frontier Internet ETF has a 52 week low of $11.47 and a 52 week high of $15.84. The firm’s 50-day simple moving average is $13.46 and its 200 day simple moving average is $14.30.

Next Frontier Internet ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a $0.0846 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 61.0%.

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.