FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) Shares Pass Above Fifty Day Moving Average – Should You Sell?

FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.46 and traded as high as $13.85. FMQQ The Next Frontier Internet & Ecommerce ETF shares last traded at $13.82, with a volume of 1,586 shares.

FMQQ The Next Frontier Internet & Ecommerce ETF Stock Performance

The firm has a market cap of $30.13 million, a P/E ratio of 29.24 and a beta of 1.10. The stock has a fifty day simple moving average of $13.46 and a 200 day simple moving average of $12.91.

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 increased its position in FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) by 88.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,628 shares of the company’s stock after acquiring an additional 22,850 shares during the period. Capital Advisors Ltd. LLC owned about 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.