Next Frontier Internet ETF (NYSEARCA:FMQQ) Sees Significant Increase in Short Interest

Next Frontier Internet ETF (NYSEARCA:FMQQ) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 914 shares, a growth of 55.2% from the January 29th total of 589 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,895 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 4,895 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Next Frontier Internet ETF Price Performance

Next Frontier Internet ETF stock opened at $12.54 on Friday. The stock’s 50-day moving average is $13.46 and its 200-day moving average is $14.30. The company has a market cap of $24.08 million, a price-to-earnings ratio of 21.89 and a beta of 1.11. Next Frontier Internet ETF has a 12 month low of $11.47 and a 12 month high of $15.84.

Next Frontier Internet ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $0.0846 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 61.0%.

Institutional Investors Weigh In On Next Frontier Internet ETF

An institutional investor recently bought a new position in Next Frontier Internet ETF stock. Miller Global Investments LLC acquired a new position in Next Frontier Internet ETF (NYSEARCA:FMQQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,066 shares of the company’s stock, valued at approximately $402,000. Miller Global Investments LLC owned approximately 1.51% of Next Frontier Internet ETF as of its most recent SEC filing.

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.