First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Get Free Report) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,000 shares, a decrease of 50.0% from the February 29th total of 2,000 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 2.5 days.
Hedge Funds Weigh In On First Trust Indxx Metaverse ETF
A number of institutional investors and hedge funds have recently bought and sold shares of ARVR. SRS Capital Advisors Inc. increased its holdings in First Trust Indxx Metaverse ETF by 1,004.7% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,900 shares of the company’s stock worth $56,000 after purchasing an additional 1,728 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new stake in shares of First Trust Indxx Metaverse ETF in the second quarter valued at about $945,000. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust Indxx Metaverse ETF in the second quarter valued at about $2,563,000.
First Trust Indxx Metaverse ETF Stock Up 0.1 %
Shares of ARVR opened at $35.65 on Thursday. First Trust Indxx Metaverse ETF has a 12-month low of $27.52 and a 12-month high of $36.44. The business has a 50-day simple moving average of $35.29 and a two-hundred day simple moving average of $32.90. The stock has a market cap of $1.78 million, a PE ratio of 17.42 and a beta of -1.30.
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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