Next Frontier Internet ETF (NYSEARCA:FMQQ) Short Interest Up 126.5% in August

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the recipient of a significant growth in short interest in 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. Based on an average trading volume of 18,788 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Next Frontier Internet ETF Stock Performance

Shares of NYSEARCA FMQQ traded down $0.04 during mid-day trading on Friday, hitting $12.77. 1,400 shares of the stock were exchanged, compared to its average volume of 8,827. Next Frontier Internet ETF has a twelve month low of $10.78 and a twelve month high of $15.84. The stock’s fifty day simple moving average is $12.32 and its two-hundred day simple moving average is $12.00. The company has a market cap of $21.33 million, a P/E ratio of 21.89 and a beta of 1.07.

Institutional Trading of Next Frontier Internet ETF

A hedge fund recently raised its stake in Next Frontier Internet ETF stock. Jane Street Group LLC grew its stake in Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,503 shares of the company’s stock after acquiring an additional 26,482 shares during the quarter. Jane Street Group LLC owned 2.18% of Next Frontier Internet ETF worth $586,000 at the end of the most recent 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.