Next Frontier Internet ETF (NYSEARCA:FMQQ) Trading Up 1.1% – Should You Buy?

Next Frontier Internet ETF (NYSEARCA:FMQQ) shares were up 1.1% on Monday . The company traded as high as $14.03 and last traded at $14.03. Approximately 5,696 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 4,952 shares. The stock had previously closed at $13.88.

Next Frontier Internet ETF Trading Up 1.1%

The firm has a market cap of $29.74 million, a P/E ratio of 21.89 and a beta of 1.11. The company’s 50-day moving average is $14.86 and its two-hundred day moving average is $14.71.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FMQQ. Ethos Financial Group LLC bought a new position in Next Frontier Internet ETF during the 1st quarter valued at $430,000. OLD Mission Capital LLC grew its stake in shares of Next Frontier Internet ETF by 89.7% in the 1st quarter. OLD Mission Capital LLC now owns 87,766 shares of the company’s stock worth $1,106,000 after acquiring an additional 41,496 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Next Frontier Internet ETF by 132.3% in the first quarter. Jane Street Group LLC now owns 46,503 shares of the company’s stock valued at $586,000 after purchasing an additional 26,482 shares during the last quarter.

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.