ProShares Metaverse ETF (NYSEARCA:VERS) Trading 1% Higher – Still a Buy?

Shares of ProShares Metaverse ETF (NYSEARCA:VERS) rose 1% during mid-day trading on Friday . The company traded as high as $53.70 and last traded at $53.70. Approximately 6 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 337 shares. The stock had previously closed at $53.19.

ProShares Metaverse ETF Stock Up 1.0%

The firm has a market cap of $5.37 million, a price-to-earnings ratio of 25.65 and a beta of 1.74. The business has a 50 day moving average price of $49.81 and a 200-day moving average price of $49.71.

Institutional Trading of ProShares Metaverse ETF

A hedge fund recently raised its stake in ProShares Metaverse ETF stock. Tower Research Capital LLC TRC grew its holdings in shares of ProShares Metaverse ETF (NYSEARCA:VERS) by 63.1% in the 4th quarter, according to its most recent disclosure 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 period. Tower Research Capital LLC TRC owned about 10.20% of ProShares Metaverse ETF worth $701,000 as of its most recent SEC filing.

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.