Next Frontier Internet ETF (NYSEARCA:FMQQ) Shares Down 0.9% – What’s Next?

Next Frontier Internet ETF (NYSEARCA:FMQQ) fell 0.9% during trading on Monday . The company traded as low as $12.73 and last traded at $12.73. Approximately 8,652 shares were traded during trading, a decline of 0% from the average daily volume of 8,691 shares. The stock had previously closed at $12.84.

Next Frontier Internet ETF Trading Down 0.9%

The company has a fifty day moving average price of $12.08 and a two-hundred day moving average price of $12.03. The firm has a market cap of $21.26 million, a P/E ratio of 21.89 and a beta of 1.07.

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 increased its stake in Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,503 shares of the company’s stock after purchasing an additional 26,482 shares during the period. Jane Street Group LLC owned approximately 2.18% of Next Frontier Internet ETF worth $586,000 as of its most recent filing with the Securities and 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.