Roundhill Ball Metaverse ETF (NYSEARCA:METV – Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 94,101 shares, a growth of 115.4% from the March 15th total of 43,688 shares. Based on an average daily volume of 75,869 shares, the short-interest ratio is currently 1.2 days. Currently, 0.7% of the company’s shares are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Q3 Asset Management bought a new stake in Roundhill Ball Metaverse ETF during the third quarter worth $1,045,000. Leavell Investment Management Inc. lifted its holdings in Roundhill Ball Metaverse ETF by 35.2% during the third quarter. Leavell Investment Management Inc. now owns 195,568 shares of the company’s stock worth $4,029,000 after acquiring an additional 50,868 shares during the period. JPMorgan Chase & Co. lifted its holdings in Roundhill Ball Metaverse ETF by 2,778.4% during the third quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock worth $335,000 after acquiring an additional 15,698 shares during the period. Marshall Wace LLP bought a new stake in Roundhill Ball Metaverse ETF during the second quarter worth $244,000. Finally, GM Advisory Group LLC lifted its holdings in Roundhill Ball Metaverse ETF by 1.6% during the fourth quarter. GM Advisory Group LLC now owns 166,602 shares of the company’s stock worth $3,129,000 after acquiring an additional 2,650 shares during the period.
Roundhill Ball Metaverse ETF Trading Up 2.0%
NYSEARCA METV traded up $0.34 during trading hours on Tuesday, hitting $17.09. 38,693 shares of the company’s stock were exchanged, compared to its average volume of 76,903. The stock has a 50-day simple moving average of $16.42 and a 200 day simple moving average of $18.48. Roundhill Ball Metaverse ETF has a 1-year low of $12.38 and a 1-year high of $21.41. The firm has a market cap of $226.78 million, a price-to-earnings ratio of 26.20 and a beta of 1.42.
About Roundhill Ball Metaverse ETF
The Roundhill Ball Metaverse ETF (METV) is an exchange-traded fund that is based on the Ball Metaverse index. The fund is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet. Stocks are selected by a committee and weighted in tiers. METV was launched on Jun 30, 2021 and is managed by Roundhill.
Further Reading
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