FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) Shares Down 0.4% – Here’s What Happened

FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ)’s share price traded down 0.4% during mid-day trading on Thursday . The stock traded as low as $12.77 and last traded at $12.82. 7,132 shares changed hands during trading, a decline of 14% from the average session volume of 8,255 shares. The stock had previously closed at $12.87.

FMQQ The Next Frontier Internet & Ecommerce ETF Price Performance

The business’s 50-day moving average price is $13.42 and its two-hundred day moving average price is $13.07. The firm has a market cap of $27.95 million, a price-to-earnings ratio of 29.24 and a beta of 1.10.

Hedge Funds Weigh In On FMQQ The Next Frontier Internet & Ecommerce ETF

An institutional investor recently raised its position in FMQQ The Next Frontier Internet & Ecommerce ETF stock. Capital Advisors Ltd. LLC grew its position in shares of FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) by 125.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,760 shares of the company’s stock after acquiring an additional 61,132 shares during the quarter. Capital Advisors Ltd. LLC owned about 5.03% of FMQQ The Next Frontier Internet & Ecommerce ETF worth $1,482,000 at the end of the most recent quarter.

About FMQQ The Next Frontier Internet & Ecommerce 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.