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

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 2,293 shares, a growth of 131.9% from the May 31st total of 989 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 916 shares, the days-to-cover ratio is presently 2.5 days.

Hedge Funds Weigh In On First Trust Indxx Metaverse ETF

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC increased its stake in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,814 shares of the company’s stock after buying an additional 3,758 shares during the period. Jane Street Group LLC owned about 29.63% of First Trust Indxx Metaverse ETF worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

First Trust Indxx Metaverse ETF Trading Up 1.7%

NASDAQ:ARVR traded up $0.93 during trading hours on Tuesday, hitting $56.14. 144 shares of the stock were exchanged, compared to its average volume of 405. The firm’s fifty day moving average price is $54.53 and its 200 day moving average price is $49.92. The company has a market cap of $5.61 million, a P/E ratio of 29.06 and a beta of 1.24. First Trust Indxx Metaverse ETF has a 52-week low of $42.61 and a 52-week high of $58.55.

First Trust Indxx Metaverse ETF Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.1065 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.8%.

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.