Next Frontier Internet ETF (NYSEARCA:FMQQ) Sees Significant Drop in Short Interest

Next Frontier Internet ETF (NYSEARCA:FMQQ) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 127 shares, a drop of 58.8% from the August 15th total of 308 shares. Based on an average daily trading volume, of 10,119 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Next Frontier Internet ETF Stock Down 0.1%

Shares of FMQQ traded down $0.01 during mid-day trading on Monday, hitting $12.58. The stock had a trading volume of 5,905 shares, compared to its average volume of 9,026. Next Frontier Internet ETF has a fifty-two week low of $10.78 and a fifty-two week high of $15.84. The company has a market cap of $21.01 million, a PE ratio of 21.89 and a beta of 1.07. The company’s fifty day simple moving average is $12.56 and its two-hundred day simple moving average is $11.97.

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.