Short Interest in Next Frontier Internet ETF (NYSEARCA:FMQQ) Expands By 126.5%

Next Frontier Internet ETF (NYSEARCA:FMQQ) saw a large growth in short interest during the month of 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 18,788 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Next Frontier Internet ETF stock. Jane Street Group LLC raised its stake in Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,503 shares of the company’s stock after acquiring an additional 26,482 shares during the period. Jane Street Group LLC owned approximately 2.18% of Next Frontier Internet ETF worth $586,000 at the end of the most recent quarter.

Next Frontier Internet ETF Price Performance

Next Frontier Internet ETF stock traded down $0.04 during mid-day trading on Friday, hitting $12.77. 1,400 shares of the company’s stock traded hands, compared to its average volume of 8,827. The firm has a 50 day simple moving average of $12.32 and a two-hundred day simple moving average of $12.00. Next Frontier Internet ETF has a fifty-two week low of $10.78 and a fifty-two week high of $15.84. The stock has a market cap of $21.33 million, a price-to-earnings ratio of 21.89 and a beta of 1.07.

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.