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

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

Institutional Investors Weigh In On Next Frontier Internet ETF

An institutional investor recently raised its stake in Next Frontier Internet ETF stock. Jane Street Group LLC boosted its position in shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,503 shares of the company’s stock after acquiring an additional 26,482 shares during the period. Jane Street Group LLC owned 2.18% of Next Frontier Internet ETF worth $586,000 as of its most recent SEC filing.

Next Frontier Internet ETF Stock Up 1.4%

Shares of NYSEARCA FMQQ opened at $12.34 on Wednesday. Next Frontier Internet ETF has a 52 week low of $10.78 and a 52 week high of $15.84. The business has a 50-day simple moving average of $11.73 and a two-hundred day simple moving average of $12.11. The company has a market cap of $20.61 million, a P/E ratio of 21.89 and a beta of 1.07.

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.