Roundhill Ball Metaverse ETF (NYSEARCA:METV) Short Interest Update

Roundhill Ball Metaverse ETF (NYSEARCA:METV) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 39,517 shares, a decline of 64.3% from the June 30th total of 110,552 shares. Based on an average trading volume of 56,505 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of Roundhill Ball Metaverse ETF

A number of hedge funds and other institutional investors have recently modified their holdings of METV. Marshall Wace LLP acquired a new position in Roundhill Ball Metaverse ETF during the second quarter worth about $244,000. JPMorgan Chase & Co. lifted its stake in Roundhill Ball Metaverse ETF by 2,778.4% during the third quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock valued at $335,000 after purchasing an additional 15,698 shares during the last quarter. Finally, GM Advisory Group LLC grew its position in Roundhill Ball Metaverse ETF by 0.6% in the first quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock worth $2,671,000 after buying an additional 1,045 shares during the last quarter.

Roundhill Ball Metaverse ETF Price Performance

METV stock opened at $18.31 on Monday. The company has a 50-day simple moving average of $18.64 and a 200 day simple moving average of $17.84. The company has a market capitalization of $209.28 million, a P/E ratio of 26.20 and a beta of 1.42. Roundhill Ball Metaverse ETF has a fifty-two week low of $15.16 and a fifty-two week high of $21.41.

About Roundhill Ball Metaverse ETF

The Roundhill Ball Metaverse ETF (METV) is an exchange-traded fund that is based on the Ball Metaverse index. The fund is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet. Stocks are selected by a committee and weighted in tiers. METV was launched on Jun 30, 2021 and is managed by Roundhill.