First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Up 500.0% in September

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 600 shares, an increase of 500.0% from the September 15th total of 100 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 3.0 days. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 3.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC grew its position in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

First Trust Indxx Metaverse ETF Price Performance

NASDAQ ARVR opened at $50.60 on Friday. First Trust Indxx Metaverse ETF has a 1-year low of $33.09 and a 1-year high of $52.06. The company has a market capitalization of $2.53 million, a P/E ratio of 29.06 and a beta of -1.30. The business has a 50 day moving average price of $49.22 and a 200 day moving average price of $44.94.

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.