First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 5,571 shares, a growth of 155.8% from the August 31st total of 2,178 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average trading volume of 475 shares, the days-to-cover ratio is currently 11.7 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. Envestnet Asset Management Inc. grew its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Free Report) by 24.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,268 shares of the company’s stock after purchasing an additional 4,502 shares during the period. Envestnet Asset Management Inc. owned about 15.51% of First Trust Indxx Metaverse ETF worth $1,335,000 as of its most recent SEC filing.
First Trust Indxx Metaverse ETF Stock Performance
ARVR traded up $0.12 during trading on Friday, reaching $58.55. The company had a trading volume of 586 shares, compared to its average volume of 352. First Trust Indxx Metaverse ETF has a 12-month low of $42.61 and a 12-month high of $59.24. The firm’s 50-day simple moving average is $56.44 and its 200 day simple moving average is $53.43. The company has a market cap of $8.78 million, a price-to-earnings ratio of 29.06 and a beta of 1.25.
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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