Next Frontier Internet ETF (NYSEARCA:FMQQ) Trading 0.3% Higher – Here’s Why

Next Frontier Internet ETF (NYSEARCA:FMQQ)’s share price traded up 0.3% during mid-day trading on Monday . The company traded as high as $12.18 and last traded at $12.13. 11,727 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 7,617 shares. The stock had previously closed at $12.09.

Next Frontier Internet ETF Price Performance

The firm has a market capitalization of $20.26 million, a PE ratio of 21.89 and a beta of 1.07. The company’s fifty day simple moving average is $11.63 and its 200 day simple moving average is $12.19.

Institutional Trading of Next Frontier Internet ETF

An institutional investor recently raised its position in Next Frontier Internet ETF stock. Jane Street Group LLC increased its holdings in Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,503 shares of the company’s stock after buying an additional 26,482 shares during the period. Jane Street Group LLC owned 2.18% of Next Frontier Internet ETF worth $586,000 as of its most recent SEC filing.

Next Frontier Internet ETF Company Profile

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.