ProShares Metaverse ETF (NYSEARCA:VERS) Sees Significant Decline in Short Interest

ProShares Metaverse ETF (NYSEARCA:VERS – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 55 shares, a drop of 93.8% from the August 15th total of 892 shares. Based on an average daily volume of 171 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

ProShares Metaverse ETF Stock Up 2.0%

Shares of ProShares Metaverse ETF stock traded up $1.40 on Friday, reaching $72.67. 409 shares of the stock were exchanged, compared to its average volume of 321. ProShares Metaverse ETF has a twelve month low of $50.55 and a twelve month high of $84.91. The firm has a market capitalization of $6.54 million, a price-to-earnings ratio of 25.65 and a beta of 1.60. The business has a 50 day moving average price of $70.90 and a two-hundred day moving average price of $67.94.

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About ProShares Metaverse ETF

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The ProShares Metaverse ETF (VERS) is an exchange-traded fund that is based on the Solactive Metaverse Theme index. The fund tracks a concentrated index of stocks, spanning a broad range of industries globally, that are positioned to benefit from the development and use of the Metaverse. Stocks are selected based on the amount of exposure to the related theme and weighted based on a modified equal weight strategy. VERS was launched on Mar 15, 2022 and is managed by ProShares.

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