ProShares Metaverse ETF (NYSEARCA:VERS) Sees Significant Decline in Short Interest

ProShares Metaverse ETF (NYSEARCA:VERS) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 207 shares, a drop of 49.4% from the December 31st total of 409 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 86 shares, the short-interest ratio is presently 2.4 days. Based on an average daily trading volume, of 86 shares, the short-interest ratio is presently 2.4 days. Approximately 0.2% of the company’s shares are short sold.

ProShares Metaverse ETF Price Performance

NYSEARCA VERS traded down $1.86 during trading on Friday, reaching $59.09. 184 shares of the company’s stock traded hands, compared to its average volume of 184. The company’s 50 day simple moving average is $61.89 and its two-hundred day simple moving average is $60.16. ProShares Metaverse ETF has a 12-month low of $38.98 and a 12-month high of $66.05. The firm has a market cap of $5.32 million, a price-to-earnings ratio of 25.65 and a beta of 1.44.

ProShares Metaverse ETF Company Profile

The ProShares Metaverse ETF (VERS) is an exchange-traded fund that is based on the Solactive Metaverse Theme index. The fund tracks a concentrated index of stocks, spanning a broad range of industries globally, that are positioned to benefit from the development and use of the Metaverse. Stocks are selected based on the amount of exposure to the related theme and weighted based on a modified equal weight strategy. VERS was launched on Mar 15, 2022 and is managed by ProShares.