First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,603 shares, a growth of 131.0% from the July 15th total of 694 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily volume of 179 shares, the days-to-cover ratio is currently 9.0 days.
Institutional Trading of First Trust Indxx Metaverse ETF
A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC increased its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Free Report) by 34.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,814 shares of the company’s stock after acquiring an additional 3,758 shares during the quarter. Jane Street Group LLC owned approximately 29.63% of First Trust Indxx Metaverse ETF worth $564,000 as of its most recent SEC filing.
First Trust Indxx Metaverse ETF Stock Performance
NASDAQ ARVR remained flat at $56.82 on Friday. The company’s stock had a trading volume of 14 shares, compared to its average volume of 365. The stock’s 50 day simple moving average is $55.48 and its two-hundred day simple moving average is $51.29. The company has a market cap of $5.68 million, a P/E ratio of 29.06 and a beta of 1.24. First Trust Indxx Metaverse ETF has a 1-year low of $42.61 and a 1-year high of $58.55.
First Trust Indxx Metaverse ETF Announces Dividend
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.
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