First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Get Free Report) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 989 shares, a growth of 312.1% from the May 14th total of 240 shares. Based on an average daily volume of 664 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.0% of the shares of the company are sold short.
First Trust Indxx Metaverse ETF Trading Up 0.9%
Shares of NASDAQ:ARVR opened at $55.77 on Friday. First Trust Indxx Metaverse ETF has a 1-year low of $42.61 and a 1-year high of $58.55. The firm has a market capitalization of $5.58 million, a PE ratio of 29.06 and a beta of 1.24. The business’s 50 day moving average is $52.26 and its 200-day moving average is $49.39.
Hedge Funds Weigh In On First Trust Indxx Metaverse ETF
A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC increased its stake in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Free Report) by 34.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,814 shares of the company’s stock after buying an additional 3,758 shares during the quarter. Jane Street Group LLC owned 29.63% of First Trust Indxx Metaverse ETF worth $564,000 at the end of the most recent reporting period.
About First Trust Indxx Metaverse ETF
The First Trust Indxx Metaverse ETF (ARVR) is an exchange-traded fund that is based on the Indxx Metaverse index. The fund tracks a modified equal-weighted index of stocks, spanning a broad range of industries globally, that are involved in business activities associated with the Metaverse. ARVR was launched on Apr 19, 2022 and is managed by First Trust.
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