Next Frontier Internet ETF (NYSEARCA:FMQQ) Short Interest Update

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,976 shares, a growth of 1,035.6% from the May 14th total of 174 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 8,194 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Next Frontier Internet ETF stock. Miller Global Investments LLC purchased a new stake in Next Frontier Internet ETF (NYSEARCA:FMQQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,066 shares of the company’s stock, valued at approximately $402,000. Miller Global Investments LLC owned approximately 1.51% of Next Frontier Internet ETF as of its most recent SEC filing.

Next Frontier Internet ETF Stock Down 1.7%

FMQQ traded down $0.19 during trading on Wednesday, reaching $10.91. 1,400 shares of the company were exchanged, compared to its average volume of 7,494. The company’s 50-day moving average is $11.64 and its two-hundred day moving average is $12.65. The company has a market cap of $20.18 million, a price-to-earnings ratio of 21.89 and a beta of 1.08. Next Frontier Internet ETF has a 12-month low of $10.78 and a 12-month high of $15.84.

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.