First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Update

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 240 shares, a decline of 70.9% from the April 30th total of 824 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 808 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC boosted its stake in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,814 shares of the company’s stock after purchasing an additional 3,758 shares during the quarter. Jane Street Group LLC owned about 29.63% of First Trust Indxx Metaverse ETF worth $564,000 as of its most recent SEC filing.

First Trust Indxx Metaverse ETF Price Performance

Shares of NASDAQ:ARVR opened at $56.48 on Friday. The firm has a market cap of $5.65 million, a P/E ratio of 29.06 and a beta of 1.23. The company’s 50-day moving average price is $49.60 and its two-hundred day moving average price is $48.82. First Trust Indxx Metaverse ETF has a 12 month low of $42.42 and a 12 month high of $56.93.

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.