ProShares Metaverse ETF (NYSEARCA:VERS) Shares Down 1.8% – Should You Sell?

Shares of ProShares Metaverse ETF (NYSEARCA:VERS) traded down 1.8% on Tuesday . The stock traded as low as $51.98 and last traded at $51.98. 488 shares were traded during trading, an increase of 24% from the average session volume of 394 shares. The stock had previously closed at $52.91.

ProShares Metaverse ETF Trading Down 1.8 %

The firm’s 50-day simple moving average is $52.86 and its two-hundred day simple moving average is $47.36. The company has a market cap of $6.24 million, a PE ratio of 23.63 and a beta of 1.42.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Metaverse ETF stock. Tower Research Capital LLC TRC boosted its stake in ProShares Metaverse ETF (NYSEARCA:VERS) by 63.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,278 shares of the company’s stock after buying an additional 5,526 shares during the quarter. Tower Research Capital LLC TRC owned approximately 10.20% of ProShares Metaverse ETF worth $701,000 at the end of the most recent reporting period.

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.