Short Interest in Next Frontier Internet ETF (NYSEARCA:FMQQ) Increases By 80.0%

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 900 shares, a growth of 80.0% from the September 30th total of 500 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,400 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 5,400 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Next Frontier Internet ETF Stock Down 0.2%

FMQQ stock opened at $14.94 on Friday. Next Frontier Internet ETF has a twelve month low of $11.47 and a twelve month high of $15.84. The stock has a market cap of $31.82 million, a P/E ratio of 21.89 and a beta of 1.11. The business’s 50-day moving average price is $15.08 and its 200-day moving average price is $14.57.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FMQQ. Ethos Financial Group LLC purchased a new position in shares of Next Frontier Internet ETF during the 1st quarter valued at about $430,000. OLD Mission Capital LLC lifted its position in shares of Next Frontier Internet ETF by 89.7% during the 1st quarter. OLD Mission Capital LLC now owns 87,766 shares of the company’s stock valued at $1,106,000 after buying an additional 41,496 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Next Frontier Internet ETF by 132.3% during the 1st quarter. Jane Street Group LLC now owns 46,503 shares of the company’s stock valued at $586,000 after buying an additional 26,482 shares in the last quarter.

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.