First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Get Free Report) was the target of a significant 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 days-to-cover ratio is currently 2.5 days.
First Trust Indxx Metaverse ETF Trading Up 0.1 %
Shares of NASDAQ ARVR opened at $35.65 on Thursday. The business has a fifty day simple moving average of $35.29 and a 200 day simple moving average of $32.90. The firm has a market capitalization of $1.78 million, a price-to-earnings ratio of 17.42 and a beta of -1.30. First Trust Indxx Metaverse ETF has a one year low of $27.52 and a one year high of $36.44.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. SRS Capital Advisors Inc. raised its stake in shares of First Trust Indxx Metaverse ETF by 228.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 10,633 shares of the company’s stock valued at $371,000 after purchasing an additional 7,397 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new position in shares of First Trust Indxx Metaverse ETF in the second quarter valued at $945,000. Finally, Citadel Advisors LLC acquired a new position in shares of First Trust Indxx Metaverse ETF in the second quarter valued at $2,563,000.
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.
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