First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Up 60.0% in November

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,600 shares, a growth of 60.0% from the November 15th total of 1,000 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 1.2 days.

Hedge Funds Weigh In On First Trust Indxx Metaverse ETF

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. grew its stake in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,906 shares of the company’s stock after purchasing an additional 1,018 shares during the period. SRS Capital Advisors Inc. owned approximately 20.91% of First Trust Indxx Metaverse ETF worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

First Trust Indxx Metaverse ETF Stock Down 1.7 %

ARVR traded down $0.69 during trading on Friday, reaching $39.04. 4 shares of the stock traded hands, compared to its average volume of 693. The stock has a market capitalization of $3.90 million, a PE ratio of 25.12 and a beta of -1.30. The stock’s 50-day moving average is $38.35 and its 200 day moving average is $37.21. First Trust Indxx Metaverse ETF has a 12 month low of $32.15 and a 12 month high of $40.15.

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.