FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) Shares Down 1.1%

Shares of FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) dropped 1.1% on Wednesday . The stock traded as low as $12.27 and last traded at $12.27. Approximately 3,858 shares changed hands during trading, a decline of 60% from the average daily volume of 9,562 shares. The stock had previously closed at $12.42.

FMQQ The Next Frontier Internet & Ecommerce ETF Price Performance

The stock has a market cap of $27.06 million, a PE ratio of 29.24 and a beta of 1.10. The stock’s fifty day moving average is $12.39 and its 200-day moving average is $12.01.

Institutional Trading of FMQQ The Next Frontier Internet & Ecommerce ETF

A hedge fund recently raised its stake in FMQQ The Next Frontier Internet & Ecommerce ETF stock. Capital Advisors Ltd. LLC boosted its holdings in FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) by 88.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,628 shares of the company’s stock after acquiring an additional 22,850 shares during the period. Capital Advisors Ltd. LLC owned 2.23% of FMQQ The Next Frontier Internet & Ecommerce ETF worth $601,000 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.