Next Frontier Internet ETF (NYSEARCA:FMQQ) Trading Up 0.7% – Still a Buy?

Next Frontier Internet ETF (NYSEARCA:FMQQ)’s stock price was up 0.7% on Monday . The stock traded as high as $11.35 and last traded at $11.31. Approximately 9,523 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 9,496 shares. The stock had previously closed at $11.23.

Next Frontier Internet ETF Stock Up 0.7%

The company’s fifty day moving average is $12.27 and its two-hundred day moving average is $13.63. The stock has a market cap of $20.92 million, a price-to-earnings ratio of 21.89 and a beta of 1.11.

Institutional Trading of Next Frontier Internet ETF

A hedge fund recently bought a new stake in Next Frontier Internet ETF stock. Miller Global Investments LLC bought a new stake in Next Frontier Internet ETF (NYSEARCA:FMQQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

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.