Next Frontier Internet ETF (NYSEARCA:FMQQ) Trading Up 0.3% – What’s Next?

Next Frontier Internet ETF (NYSEARCA:FMQQ)’s share price rose 0.3% on Monday . The stock traded as high as $12.18 and last traded at $12.13. 11,727 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 7,617 shares. The stock had previously closed at $12.09.

Next Frontier Internet ETF Price Performance

The firm has a market cap of $20.09 million, a price-to-earnings ratio of 21.89 and a beta of 1.07. The stock’s fifty day moving average price is $11.65 and its 200-day moving average price is $12.18.

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

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.