First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Down 23.1% in May

First Trust Indxx Metaverse ETF (NASDAQ:ARVRGet Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 1,000 shares, a drop of 23.1% from the April 30th total of 1,300 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 3.3 days.

First Trust Indxx Metaverse ETF Stock Down 1.0 %

Shares of ARVR traded down $0.36 during midday trading on Thursday, reaching $36.23. 5 shares of the stock were exchanged, compared to its average volume of 384. First Trust Indxx Metaverse ETF has a twelve month low of $28.19 and a twelve month high of $36.96. The company has a market cap of $1.81 million, a P/E ratio of 25.12 and a beta of -1.30. The stock’s 50 day simple moving average is $35.22 and its 200 day simple moving average is $34.68.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. raised its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVRFree Report) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,236 shares of the company’s stock after acquiring an additional 742 shares during the period. SRS Capital Advisors Inc. owned about 6.47% of First Trust Indxx Metaverse ETF worth $94,000 at the end of the most recent quarter.

First Trust Indxx Metaverse ETF Company Profile

(Get Free Report)

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.

Further Reading

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