First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Sees Large Decrease in Short Interest

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a significant decrease in short interest in the month of 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 trading volume, of 1,600 shares, the short-interest ratio is presently 0.7 days.

First Trust Indxx Metaverse ETF Stock Up 0.0 %

Shares of First Trust Indxx Metaverse ETF stock opened at $37.25 on Friday. First Trust Indxx Metaverse ETF has a 52-week low of $28.19 and a 52-week high of $38.91. The company has a market capitalization of $3.73 million, a P/E ratio of 25.12 and a beta of -1.30. The company has a 50 day moving average of $36.52 and a 200 day moving average of $36.24.

Hedge Funds 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 second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,906 shares of the company’s stock after purchasing 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 quarter.

About First Trust Indxx Metaverse ETF

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.