Next Frontier Internet ETF (NYSEARCA:FMQQ – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,976 shares, a growth of 1,035.6% from the May 14th total of 174 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,194 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of Next Frontier Internet ETF
A hedge fund recently raised its stake in Next Frontier Internet ETF stock. Jane Street Group LLC increased its position in Next Frontier Internet ETF (NYSEARCA:FMQQ – Free Report) by 132.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,503 shares of the company’s stock after buying an additional 26,482 shares during the quarter. Jane Street Group LLC owned 2.18% of Next Frontier Internet ETF worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Next Frontier Internet ETF Stock Performance
NYSEARCA:FMQQ traded up $0.01 during mid-day trading on Tuesday, reaching $11.10. The stock had a trading volume of 4,186 shares, compared to its average volume of 7,551. The firm has a 50 day moving average price of $11.64 and a two-hundred day moving average price of $12.65. The stock has a market capitalization of $20.54 million, a P/E ratio of 21.89 and a beta of 1.08. Next Frontier Internet ETF has a one year low of $10.78 and a one year high of $15.84.
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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