Next Frontier Internet ETF (NYSEARCA:FMQQ) Short Interest Up 1,035.6% in May

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

Hedge Funds Weigh In On Next Frontier Internet ETF

A hedge fund recently bought a new stake in Next Frontier Internet ETF stock. Miller Global Investments LLC bought a new stake in shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 filing with the Securities and Exchange Commission (SEC).

Next Frontier Internet ETF Stock Performance

Shares of FMQQ stock traded up $0.09 on Thursday, reaching $10.99. The stock had a trading volume of 3,211 shares, compared to its average volume of 7,438. The stock has a market cap of $20.33 million, a P/E ratio of 21.89 and a beta of 1.08. Next Frontier Internet ETF has a 1 year low of $10.78 and a 1 year high of $15.84. The company has a 50 day simple moving average of $11.64 and a 200 day simple moving average of $12.62.

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.