Next Frontier Internet ETF (NYSEARCA:FMQQ) Short Interest Update

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 195 shares, a drop of 65.6% from the June 30th total of 567 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,079 shares, the days-to-cover ratio is presently 0.0 days.

Next Frontier Internet ETF Stock Performance

NYSEARCA:FMQQ traded up $0.17 during trading hours on Tuesday, reaching $12.34. The stock had a trading volume of 12,229 shares, compared to its average volume of 7,867. The stock has a market capitalization of $20.61 million, a PE ratio of 21.89 and a beta of 1.07. Next Frontier Internet ETF has a 52 week low of $10.78 and a 52 week high of $15.84. The company has a 50 day moving average price of $11.73 and a two-hundred day moving average price of $12.11.

Institutional Investors Weigh In On Next Frontier Internet ETF

A hedge fund recently raised its stake in Next Frontier Internet ETF stock. Jane Street Group LLC raised its holdings in shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,503 shares of the company’s stock after purchasing 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 & Exchange Commission.

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.