iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Short Interest Up 2,592.7% in May

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,208 shares, a growth of 2,592.7% from the April 30th total of 82 shares. Based on an average daily volume of 630 shares, the days-to-cover ratio is currently 3.5 days. Approximately 0.9% of the company’s stock are short sold.

iShares Future Metaverse Tech and Communications ETF Price Performance

IVRS stock traded down $0.05 during trading on Wednesday, hitting $32.85. 726 shares of the stock traded hands, compared to its average volume of 818. iShares Future Metaverse Tech and Communications ETF has a 1 year low of $27.43 and a 1 year high of $43.12. The firm’s 50 day moving average is $30.92 and its two-hundred day moving average is $33.30. The stock has a market cap of $8.21 million, a price-to-earnings ratio of 29.81 and a beta of 1.03.

iShares Future Metaverse Tech and Communications ETF Company Profile

The iShares Future Metaverse Tech and Communications ETF (IVRS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of equity securities from around the world that are expected to contribute to the metaverse. IVRS was launched on Feb 14, 2023 and is managed by BlackRock.