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 the month of June. As of June 15th, there was short interest totaling 722 shares, a drop of 63.5% from the May 31st total of 1,976 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,448 shares, the days-to-cover ratio is currently 0.3 days.

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

Next Frontier Internet ETF Stock Performance

Next Frontier Internet ETF stock traded up $0.11 during midday trading on Tuesday, reaching $11.79. The stock had a trading volume of 1,084 shares, compared to its average volume of 7,145. The stock’s 50-day simple moving average is $11.62 and its 200 day simple moving average is $12.38. Next Frontier Internet ETF has a twelve month low of $10.78 and a twelve month high of $15.84. The stock has a market capitalization of $21.81 million, a PE ratio of 21.89 and a beta of 1.08.

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.