ProShares Metaverse ETF (NYSEARCA:VERS) Short Interest Up 1,293.8% in August

ProShares Metaverse ETF (NYSEARCA:VERS) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 892 shares, an increase of 1,293.8% from the July 30th total of 64 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 589 shares, the days-to-cover ratio is currently 1.5 days.

ProShares Metaverse ETF Stock Performance

Shares of VERS stock traded up $0.97 during trading hours on Tuesday, reaching $70.65. The company had a trading volume of 216 shares, compared to its average volume of 308. ProShares Metaverse ETF has a twelve month low of $50.55 and a twelve month high of $84.91. The company has a market capitalization of $6.36 million, a P/E ratio of 25.65 and a beta of 1.60. The stock’s fifty day simple moving average is $72.02 and its 200 day simple moving average is $66.72.

ProShares Metaverse ETF Company Profile

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.