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

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a significant growth in short interest in 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 daily volume of 1,300 shares, the short-interest ratio is presently 1.2 days.

First Trust Indxx Metaverse ETF Trading Down 1.7 %

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

Institutional Investors 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. increased its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,906 shares of the company’s stock after acquiring an additional 1,018 shares during the period. SRS Capital Advisors Inc. owned about 20.91% of First Trust Indxx Metaverse ETF worth $779,000 at the end of the most recent quarter.

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.