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

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

Next Frontier Internet ETF Price Performance

The stock has a fifty day moving average price of $11.63 and a 200 day moving average price of $12.19. The stock has a market capitalization of $20.26 million, a P/E ratio of 21.89 and a beta of 1.07.

Institutional Trading of Next Frontier Internet ETF

A hedge fund recently raised its stake in Next Frontier Internet ETF stock. Jane Street Group LLC raised its stake in shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) by 132.3% in the first quarter, according to its most recent 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 quarter. Jane Street Group LLC owned about 2.18% of Next Frontier Internet ETF worth $586,000 at the end of the most recent reporting period.

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.