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

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 308 shares, a growth of 126.5% from the July 30th total of 136 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 18,788 shares, the days-to-cover ratio is presently 0.0 days.

Next Frontier Internet ETF Price Performance

Shares of NYSEARCA:FMQQ traded down $0.04 on Friday, hitting $12.77. The company’s stock had a trading volume of 1,400 shares, compared to its average volume of 8,827. The company has a 50-day simple moving average of $12.34 and a 200 day simple moving average of $12.01. Next Frontier Internet ETF has a 1 year low of $10.78 and a 1 year high of $15.84. The company has a market capitalization of $21.33 million, a PE 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 position in Next Frontier Internet ETF stock. Jane Street Group LLC raised its stake in shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,503 shares of the company’s stock after purchasing 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 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.