Next Frontier Internet ETF (NYSEARCA:FMQQ) Short Interest Down 65.6% in July

Next Frontier Internet ETF (NYSEARCA:FMQQ) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 195 shares, a drop of 65.6% from the June 30th total of 567 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 12,079 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Next Frontier Internet ETF

An institutional investor recently raised its stake in Next Frontier Internet ETF stock. Jane Street Group LLC boosted its stake in Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,503 shares of the company’s stock after acquiring an additional 26,482 shares during the quarter. Jane Street Group LLC owned about 2.18% of Next Frontier Internet ETF worth $586,000 at the end of the most recent reporting period.

Next Frontier Internet ETF Stock Performance

Next Frontier Internet ETF stock traded up $0.25 during midday trading on Monday, reaching $12.16. The stock had a trading volume of 3,828 shares, compared to its average volume of 7,800. The stock has a market capitalization of $20.31 million, a PE ratio of 21.89 and a beta of 1.07. Next Frontier Internet ETF has a twelve month low of $10.78 and a twelve month high of $15.84. The stock’s 50-day simple moving average is $11.69 and its 200 day simple moving average is $12.14.

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.