FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) Trading 2.1% Higher – Here’s Why

Shares of FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) shot up 2.1% during trading on Monday . The stock traded as high as $12.77 and last traded at $12.77. Approximately 976 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 6,502 shares. The stock had previously closed at $12.51.

FMQQ The Next Frontier Internet & Ecommerce ETF Stock Up 2.1 %

The business’s 50-day moving average is $12.68 and its two-hundred day moving average is $13.13. The company has a market capitalization of $28.09 million, a P/E ratio of 27.06 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Advisors Ltd. LLC raised its holdings in shares of FMQQ The Next Frontier Internet & Ecommerce ETF by 3.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 113,105 shares of the company’s stock worth $1,420,000 after purchasing an additional 3,345 shares during the period. OLD Mission Capital LLC purchased a new stake in shares of FMQQ The Next Frontier Internet & Ecommerce ETF in the fourth quarter worth about $581,000. Finally, Grove Street Fiduciary LLC purchased a new stake in FMQQ The Next Frontier Internet & Ecommerce ETF in the 4th quarter worth approximately $13,364,000.

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.