Next Frontier Internet ETF (NYSEARCA:FMQQ) Short Interest Down 75.4% in April

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 232 shares, a decrease of 75.4% from the April 15th total of 942 shares. Based on an average daily trading volume, of 3,106 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Next Frontier Internet ETF

A hedge fund recently bought a new stake 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 disclosure with the Securities & Exchange Commission. The institutional investor bought 29,066 shares of the company’s stock, valued at approximately $402,000. Miller Global Investments LLC owned 1.51% of Next Frontier Internet ETF as of its most recent SEC filing.

Next Frontier Internet ETF Price Performance

NYSEARCA:FMQQ traded down $0.04 during mid-day trading on Wednesday, reaching $11.33. The stock had a trading volume of 3,600 shares, compared to its average volume of 7,727. The business’s 50 day moving average is $11.69 and its 200 day moving average is $13.09. Next Frontier Internet ETF has a fifty-two week low of $10.78 and a fifty-two week high of $15.84. The stock has a market cap of $20.96 million, a P/E ratio of 21.89 and a beta of 1.11.

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.