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

Next Frontier Internet ETF (NYSEARCA:FMQQ)’s share price dropped 0.9% during trading on Monday . The company traded as low as $12.73 and last traded at $12.73. Approximately 8,652 shares changed hands 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 Price Performance

The company has a market capitalization of $21.26 million, a price-to-earnings ratio of 21.89 and a beta of 1.07. The firm has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $12.03.

Hedge Funds Weigh In On Next Frontier Internet ETF

A hedge fund recently raised its position in Next Frontier Internet ETF stock. Jane Street Group LLC grew its holdings in Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,503 shares of the company’s stock after purchasing an additional 26,482 shares during the period. Jane Street Group LLC owned about 2.18% of Next Frontier Internet ETF worth $586,000 at the end of the most recent quarter.

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.