Next Frontier Internet ETF (NYSEARCA:FMQQ) Sees Large Decrease in Short Interest

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,343 shares, a drop of 30.3% from the November 30th total of 1,927 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 10,708 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 10,708 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Next Frontier Internet ETF stock. Jane Street Group LLC lifted 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 SEC. The firm owned 46,503 shares of the company’s stock after buying an additional 26,482 shares during the period. Jane Street Group LLC owned approximately 2.18% of Next Frontier Internet ETF worth $586,000 at the end of the most recent quarter.

Next Frontier Internet ETF Stock Down 0.2%

FMQQ traded down $0.03 during trading on Wednesday, hitting $13.82. 4,871 shares of the stock were exchanged, compared to its average volume of 5,210. Next Frontier Internet ETF has a 1-year low of $11.47 and a 1-year high of $15.84. The stock has a fifty day moving average price of $14.31 and a two-hundred day moving average price of $14.67. The firm has a market capitalization of $29.30 million, a P/E ratio of 21.89 and a beta of 1.11.

Next Frontier Internet ETF Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th will be paid a dividend of $0.0846 per share. The ex-dividend date is 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.