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

ProShares Metaverse ETF (NYSEARCA:VERS) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 307 shares, a decline of 68.0% from the May 14th total of 960 shares. Based on an average daily volume of 618 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

ProShares Metaverse ETF Price Performance

VERS stock traded up $0.28 during mid-day trading on Friday, hitting $76.47. 269 shares of the stock were exchanged, compared to its average volume of 322. The business has a fifty day moving average price of $70.09 and a 200 day moving average price of $62.83. ProShares Metaverse ETF has a 12 month low of $50.23 and a 12 month high of $84.91. The stock has a market capitalization of $6.88 million, a price-to-earnings ratio of 25.65 and a beta of 1.59.

About ProShares Metaverse ETF

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.