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

Next Frontier Internet ETF (NYSEARCA:FMQQ) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,343 shares, a decline of 30.3% from the November 30th total of 1,927 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 10,708 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 10,708 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Next Frontier Internet ETF

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

Next Frontier Internet ETF Price Performance

Shares of FMQQ stock traded down $0.11 during trading hours on Tuesday, reaching $13.85. The company had a trading volume of 2,911 shares, compared to its average volume of 5,211. Next Frontier Internet ETF has a 1-year low of $11.47 and a 1-year high of $15.84. The firm has a market cap of $29.36 million, a price-to-earnings ratio of 21.89 and a beta of 1.11. The company has a 50 day moving average of $14.31 and a 200 day moving average of $14.67.

Next Frontier Internet ETF Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th will be paid a $0.0846 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a yield of 61.0%.

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.