Short Interest in Next Frontier Internet ETF (NYSEARCA:FMQQ) Decreases By 35.4%

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 590 shares, a decrease of 35.4% from the February 12th total of 914 shares. Based on an average trading volume of 5,540 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,540 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Next Frontier Internet ETF

An institutional investor recently bought a new position in Next Frontier Internet ETF stock. Miller Global Investments LLC acquired a new stake in Next Frontier Internet ETF (NYSEARCA:FMQQ) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 at the end of the most recent reporting period.

Next Frontier Internet ETF Trading Down 0.5%

Shares of FMQQ traded down $0.06 during midday trading on Friday, reaching $11.26. The stock had a trading volume of 24,703 shares, compared to its average volume of 8,974. The firm has a market cap of $21.62 million, a PE ratio of 21.89 and a beta of 1.11. The firm has a 50 day simple moving average of $13.04 and a 200-day simple moving average of $14.09. Next Frontier Internet ETF has a one year low of $11.26 and a one year high of $15.84.

Next Frontier Internet ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid 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.