First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Get Free Report) saw a significant decline in short interest in May. As of May 31st, there was short interest totalling 800 shares, a decline of 20.0% from the May 15th total of 1,000 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 2.7 days.
First Trust Indxx Metaverse ETF Price Performance
Shares of First Trust Indxx Metaverse ETF stock opened at $37.28 on Friday. The stock’s 50-day moving average is $35.53 and its 200-day moving average is $35.05. The firm has a market cap of $1.86 million, a price-to-earnings ratio of 25.12 and a beta of -1.30. First Trust Indxx Metaverse ETF has a one year low of $28.19 and a one year high of $37.58.
Institutional Trading of First Trust Indxx Metaverse ETF
A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. lifted its stake in First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Free Report) by 228.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,633 shares of the company’s stock after acquiring an additional 7,397 shares during the quarter. SRS Capital Advisors Inc. owned approximately 21.27% of First Trust Indxx Metaverse ETF worth $371,000 as of its most recent SEC filing.
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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