ProShares Metaverse ETF (NYSEARCA:VERS) Sees Significant Growth in Short Interest

ProShares Metaverse ETF (NYSEARCA:VERS) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 614 shares, an increase of 231.9% from the June 15th total of 185 shares. Based on an average trading volume of 315 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.7% of the company’s shares are sold short.

ProShares Metaverse ETF Stock Performance

ProShares Metaverse ETF stock opened at $73.72 on Monday. The company has a market capitalization of $6.63 million, a PE ratio of 25.65 and a beta of 1.59. ProShares Metaverse ETF has a fifty-two week low of $50.55 and a fifty-two week high of $84.91. The firm has a 50 day moving average price of $75.87 and a 200 day moving average price of $64.73.

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. VERS was launched on Mar 15, 2022 and is managed by ProShares.