Short Interest in iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Declines By 82.4%

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 344 shares, a drop of 82.4% from the May 31st total of 1,954 shares. Based on an average daily trading volume, of 770 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

iShares Future Metaverse Tech and Communications ETF Price Performance

Shares of IVRS stock traded up $0.47 during midday trading on Friday, reaching $30.86. 15 shares of the company traded hands, compared to its average volume of 761. The firm’s 50 day simple moving average is $32.17 and its two-hundred day simple moving average is $32.36. The firm has a market cap of $7.71 million, a PE ratio of 29.81 and a beta of 1.04. iShares Future Metaverse Tech and Communications ETF has a 1-year low of $27.43 and a 1-year high of $43.12.

About iShares Future Metaverse Tech and Communications ETF

The iShares Future Metaverse Tech and Communications ETF (IVRS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of equity securities from around the world that are expected to contribute to the metaverse. IVRS was launched on Feb 14, 2023 and is managed by BlackRock.