FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) Trading Up 1.2% – What’s Next?

FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ)’s share price shot up 1.2% during mid-day trading on Thursday . The stock traded as high as $12.57 and last traded at $12.55. 13,388 shares were traded during mid-day trading, an increase of 97% from the average session volume of 6,813 shares. The stock had previously closed at $12.40.

FMQQ The Next Frontier Internet & Ecommerce ETF Price Performance

The stock’s fifty day moving average price is $13.08 and its 200 day moving average price is $13.11. The stock has a market capitalization of $27.36 million, a P/E 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 boosted its position in shares of FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) by 125.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm 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 reporting period.

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.