Roundhill Ball Metaverse ETF (NYSEARCA:METV) Reaches New 12-Month High – Here’s Why

Roundhill Ball Metaverse ETF (NYSEARCA:METV)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $15.38 and last traded at $15.38, with a volume of 129549 shares changing hands. The stock had previously closed at $15.12.

Roundhill Ball Metaverse ETF Stock Performance

The business’s fifty day simple moving average is $14.75 and its 200 day simple moving average is $13.68. The stock has a market cap of $513.99 million, a price-to-earnings ratio of 31.11 and a beta of 1.56.

Institutional Investors Weigh In On Roundhill Ball Metaverse ETF

An institutional investor recently raised its position in Roundhill Ball Metaverse ETF stock. Flow Traders U.S. LLC raised its stake in Roundhill Ball Metaverse ETF (NYSEARCA:METV) by 521.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,484 shares of the company’s stock after acquiring an additional 71,722 shares during the period. Flow Traders U.S. LLC owned 0.25% of Roundhill Ball Metaverse ETF worth $1,153,000 as of its most recent SEC filing.

About Roundhill Ball Metaverse ETF

The Roundhill Ball Metaverse ETF (METV) is an exchange-traded fund that is based on the Ball Metaverse index. The fund is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet. Stocks are selected by a committee and weighted in tiers.