Short Interest in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Increases By 131.9%

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

First Trust Indxx Metaverse ETF Price Performance

NASDAQ:ARVR remained flat at $57.36 during trading hours on Wednesday. The company’s stock had a trading volume of 819 shares, compared to its average volume of 408. The business has a 50 day simple moving average of $54.67 and a 200-day simple moving average of $49.98. First Trust Indxx Metaverse ETF has a 52-week low of $42.61 and a 52-week high of $58.55. The firm has a market cap of $5.74 million, a price-to-earnings ratio of 29.06 and a beta of 1.24.

First Trust Indxx Metaverse ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1065 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.43 annualized dividend and a yield of 0.7%.

Hedge Funds Weigh In On First Trust Indxx Metaverse ETF

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC lifted its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% during 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 purchasing an additional 3,758 shares during the quarter. Jane Street Group LLC owned 29.63% of First Trust Indxx Metaverse ETF worth $564,000 as of its most recent SEC filing.

First Trust Indxx Metaverse ETF Company Profile

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.