ProShares Metaverse ETF (NYSEARCA:VERS) Sees Large Decrease in Short Interest

ProShares Metaverse ETF (NYSEARCA:VERS) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 64 shares, a decline of 89.6% from the July 15th total of 613 shares. Based on an average daily volume of 232 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

ProShares Metaverse ETF Stock Performance

NYSEARCA:VERS traded up $1.31 on Wednesday, hitting $74.67. The stock had a trading volume of 144 shares, compared to its average volume of 306. ProShares Metaverse ETF has a 1 year low of $50.55 and a 1 year high of $84.91. The firm’s fifty day simple moving average is $73.20 and its two-hundred day simple moving average is $65.90. The stock has a market cap of $6.72 million, a P/E ratio of 25.65 and a beta of 1.60.

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.