First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Sees Significant Growth in Short Interest

First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,293 shares, a growth of 131.9% from the May 31st total of 989 shares. Based on an average trading volume of 916 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.3% of the company’s stock are sold short.

First Trust Indxx Metaverse ETF Stock Performance

ARVR remained flat at $55.21 during trading on Monday. The company had a trading volume of 2,387 shares, compared to its average volume of 408. The stock has a market cap of $5.52 million, a PE ratio of 29.06 and a beta of 1.24. First Trust Indxx Metaverse ETF has a 52-week low of $42.61 and a 52-week high of $58.55. The firm’s fifty day moving average price is $54.37 and its 200-day moving average price is $49.89.

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First Trust Indxx Metaverse ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.1065 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.43 annualized dividend and a dividend yield of 0.8%.

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 boosted its holdings in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Free Report) by 34.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,814 shares of the company’s stock after buying an additional 3,758 shares during the quarter. Jane Street Group LLC owned about 29.63% of First Trust Indxx Metaverse ETF worth $564,000 at the end of the most recent quarter.

About First Trust Indxx Metaverse ETF

(Get Free Report)

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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