Short Interest in Next Frontier Internet ETF (NYSEARCA:FMQQ) Decreases By 63.5%

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 722 shares, a decline of 63.5% from the May 31st total of 1,976 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,448 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Next Frontier Internet ETF

An institutional investor recently bought a new stake in Next Frontier Internet ETF stock. Miller Global Investments LLC purchased a new position in shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,066 shares of the company’s stock, valued at approximately $402,000. Miller Global Investments LLC owned 1.51% of Next Frontier Internet ETF at the end of the most recent quarter.

Next Frontier Internet ETF Trading Up 0.3%

NYSEARCA:FMQQ traded up $0.04 during midday trading on Monday, hitting $11.68. 1,538 shares of the company traded hands, compared to its average volume of 7,195. The firm’s fifty day moving average is $11.63 and its 200-day moving average is $12.40. Next Frontier Internet ETF has a 12-month low of $10.78 and a 12-month high of $15.84. The firm has a market capitalization of $21.61 million, a P/E ratio of 21.89 and a beta of 1.08.

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.