First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Update

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 600 shares, a drop of 62.5% from the November 30th total of 1,600 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Indxx Metaverse ETF

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. boosted its stake in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 5.1% in the second 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 quarter. SRS Capital Advisors Inc. owned about 20.91% of First Trust Indxx Metaverse ETF worth $779,000 as of its most recent SEC filing.

First Trust Indxx Metaverse ETF Stock Up 0.5 %

ARVR traded up $0.19 during midday trading on Thursday, hitting $38.75. 52 shares of the company were exchanged, compared to its average volume of 682. The firm has a market capitalization of $3.88 million, a P/E ratio of 25.12 and a beta of -1.30. The firm’s 50 day moving average price is $38.53 and its 200-day moving average price is $37.35. First Trust Indxx Metaverse ETF has a 1-year low of $32.15 and a 1-year high of $40.15.

First Trust Indxx Metaverse ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.2844 dividend. The ex-dividend date of this dividend is Friday, December 13th.

About First Trust Indxx Metaverse ETF

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.