Next Frontier Internet ETF (NYSEARCA:FMQQ) Short Interest Down 46.6% in January

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 747 shares, a decrease of 46.6% from the December 31st total of 1,399 shares. Based on an average trading volume of 9,567 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 9,567 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Next Frontier Internet ETF

An institutional investor recently bought a new position in Next Frontier Internet ETF stock. Miller Global Investments LLC purchased a new position in shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,066 shares of the company’s stock, valued at approximately $402,000. Miller Global Investments LLC owned about 1.51% of Next Frontier Internet ETF as of its most recent filing with the Securities & Exchange Commission.

Next Frontier Internet ETF Price Performance

FMQQ traded down $0.25 during trading on Friday, reaching $13.28. 2,823 shares of the stock were exchanged, compared to its average volume of 9,506. The company has a market capitalization of $25.50 million, a price-to-earnings ratio of 21.89 and a beta of 1.11. Next Frontier Internet ETF has a 1 year low of $11.47 and a 1 year high of $15.84. The business’s 50 day moving average price is $13.87 and its two-hundred day moving average price is $14.50.

Next Frontier Internet ETF Dividend Announcement

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

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.