Next Frontier Internet ETF (NYSEARCA:FMQQ) Shares Down 0.9% – What’s Next?

Next Frontier Internet ETF (NYSEARCA:FMQQ)’s share price fell 0.9% on Monday . The company traded as low as $12.73 and last traded at $12.73. Approximately 8,652 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 8,691 shares. The stock had previously closed at $12.84.

Next Frontier Internet ETF Trading Down 1.2%

The company has a 50-day moving average of $12.11 and a 200-day moving average of $12.02. The company has a market capitalization of $21.01 million, a price-to-earnings ratio of 21.89 and a beta of 1.07.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Next Frontier Internet ETF stock. Jane Street Group LLC raised its position in shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,503 shares of the company’s stock after purchasing 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 reporting period.

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.