Short Interest in Roundhill Ball Metaverse ETF (NYSEARCA:METV) Grows By 304.4%

Roundhill Ball Metaverse ETF (NYSEARCA:METV) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 95,069 shares, an increase of 304.4% from the May 31st total of 23,511 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 53,272 shares, the days-to-cover ratio is presently 1.8 days.

Roundhill Ball Metaverse ETF Stock Performance

Shares of Roundhill Ball Metaverse ETF stock traded up $0.15 during trading hours on Friday, hitting $17.68. The company’s stock had a trading volume of 63,514 shares, compared to its average volume of 65,242. The stock has a market cap of $227.72 million, a price-to-earnings ratio of 26.20 and a beta of 1.42. Roundhill Ball Metaverse ETF has a twelve month low of $15.16 and a twelve month high of $21.41. The firm has a fifty day moving average of $18.41 and a 200-day moving average of $17.87.

Hedge Funds Weigh In On Roundhill Ball Metaverse ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GM Advisory Group LLC grew its holdings in shares of Roundhill Ball Metaverse ETF by 0.6% in the first quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock valued at $2,671,000 after purchasing an additional 1,045 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Roundhill Ball Metaverse ETF by 2,778.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock valued at $335,000 after purchasing an additional 15,698 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Roundhill Ball Metaverse ETF in the 2nd quarter valued at about $244,000.

About Roundhill Ball Metaverse ETF

The Roundhill Ball Metaverse ETF (METV) is an exchange-traded fund that is based on the Ball Metaverse index. The fund is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet. Stocks are selected by a committee and weighted in tiers. METV was launched on Jun 30, 2021 and is managed by Roundhill.