First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 39 shares, a drop of 73.8% from the October 15th total of 149 shares. Based on an average daily volume of 114 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.
First Trust Indxx Metaverse ETF Trading Up 0.5%
NASDAQ ARVR opened at $56.82 on Thursday. The company’s 50-day moving average price is $57.48 and its 200-day moving average price is $53.18. The stock has a market cap of $8.52 million, a PE ratio of 18.18 and a beta of 1.25. First Trust Indxx Metaverse ETF has a 12 month low of $42.61 and a 12 month high of $59.25.
Institutional Investors Weigh In On First Trust Indxx Metaverse ETF
A hedge fund recently raised its position in First Trust Indxx Metaverse ETF stock. Envestnet Asset Management Inc. grew its stake in First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Free Report) by 24.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,268 shares of the company’s stock after acquiring an additional 4,502 shares during the period. Envestnet Asset Management Inc. owned 15.51% of First Trust Indxx Metaverse ETF worth $1,335,000 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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