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 in the month of June. As of June 15th, there was short interest totaling 722 shares, a drop of 63.5% from the May 31st total of 1,976 shares. Based on an average trading volume of 2,448 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Next Frontier Internet ETF

A hedge fund recently bought a new position in Next Frontier Internet ETF stock. Miller Global Investments LLC acquired a new position in shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 29,066 shares of the company’s stock, valued at approximately $402,000. Miller Global Investments LLC owned about 1.51% of Next Frontier Internet ETF as of its most recent filing with the SEC.

Next Frontier Internet ETF Trading Up 1.5%

Shares of FMQQ stock opened at $11.64 on Friday. The company has a market capitalization of $21.53 million, a P/E ratio of 21.89 and a beta of 1.08. The business’s 50 day moving average is $11.63 and its two-hundred day moving average is $12.41. Next Frontier Internet ETF has a twelve month low of $10.78 and a twelve month high of $15.84.

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.