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

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 1,100 shares, a decrease of 8.3% from the September 15th total of 1,200 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is currently 0.7 days.

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 position in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,906 shares of the company’s stock after buying an additional 1,018 shares during the period. SRS Capital Advisors Inc. owned 20.91% of First Trust Indxx Metaverse ETF worth $779,000 at the end of the most recent reporting period.

First Trust Indxx Metaverse ETF Price Performance

NASDAQ ARVR opened at $37.23 on Thursday. First Trust Indxx Metaverse ETF has a fifty-two week low of $28.19 and a fifty-two week high of $38.91. The stock’s 50-day moving average is $36.46 and its two-hundred day moving average is $36.23. The firm has a market cap of $3.72 million, a P/E ratio of 25.12 and a beta of -1.30.

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.