ProShares Metaverse ETF (NYSEARCA:VERS) Stock Price Up 1% – Here’s Why

ProShares Metaverse ETF (NYSEARCA:VERS) shares shot up 1% during mid-day trading on Wednesday . The stock traded as high as $48.46 and last traded at $48.46. 45 shares were traded during trading, a decline of 93% from the average session volume of 671 shares. The stock had previously closed at $47.98.

ProShares Metaverse ETF Stock Up 0.7 %

The firm’s fifty day moving average is $52.08 and its two-hundred day moving average is $48.09. The firm has a market cap of $5.32 million, a P/E ratio of 20.21 and a beta of 1.43.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Metaverse ETF stock. Tower Research Capital LLC TRC increased its holdings in ProShares Metaverse ETF (NYSEARCA:VERS) by 63.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,278 shares of the company’s stock after acquiring an additional 5,526 shares during the quarter. Tower Research Capital LLC TRC owned about 10.20% of ProShares Metaverse ETF worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About ProShares Metaverse ETF

The ProShares Metaverse ETF (VERS) is an exchange-traded fund that is based on the Solactive Metaverse Theme index. The fund tracks a concentrated index of stocks, spanning a broad range of industries globally, that are positioned to benefit from the development and use of the Metaverse. Stocks are selected based on the amount of exposure to the related theme and weighted based on a modified equal weight strategy.