Next Frontier Internet ETF (NYSEARCA:FMQQ) Short Interest Up 1,035.6% in May

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,976 shares, an increase of 1,035.6% from the May 14th total of 174 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 8,194 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Next Frontier Internet ETF

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

Next Frontier Internet ETF Trading Up 0.1%

Shares of FMQQ traded up $0.01 during trading hours on Tuesday, reaching $11.10. 4,186 shares of the company’s stock traded hands, compared to its average volume of 7,551. The stock has a market cap of $20.54 million, a PE ratio of 21.89 and a beta of 1.08. The firm’s 50 day simple moving average is $11.64 and its 200-day simple moving average is $12.65. Next Frontier Internet ETF has a 12 month low of $10.78 and a 12 month high of $15.84.

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.