First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Get Free Report) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 694 shares, a decline of 75.2% from the June 30th total of 2,794 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 304 shares, the short-interest ratio is presently 2.3 days.
Institutional Investors Weigh In On First Trust Indxx Metaverse ETF
An institutional investor recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC raised its position in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Free Report) by 34.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,814 shares of the company’s stock after purchasing an additional 3,758 shares during the period. Jane Street Group LLC owned 29.63% of First Trust Indxx Metaverse ETF worth $564,000 as of its most recent filing with the Securities and Exchange Commission.
First Trust Indxx Metaverse ETF Stock Up 0.8%
ARVR traded up $0.44 during trading on Monday, hitting $53.17. 13 shares of the company traded hands, compared to its average volume of 388. The firm has a market cap of $5.32 million, a P/E ratio of 29.06 and a beta of 1.23. The stock’s fifty day moving average is $55.67 and its 200 day moving average is $50.78. First Trust Indxx Metaverse ETF has a one year low of $42.61 and a one year high of $58.55.
First Trust Indxx Metaverse ETF Announces Dividend
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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