Roundhill Ball Metaverse ETF (NYSEARCA:METV) Trading 1% Higher – Time to Buy?

Shares of Roundhill Ball Metaverse ETF (NYSEARCA:METV) traded up 1% during mid-day trading on Monday . The company traded as high as $14.42 and last traded at $14.32. 476,936 shares traded hands during trading, an increase of 126% from the average session volume of 211,273 shares. The stock had previously closed at $14.18.

Roundhill Ball Metaverse ETF Price Performance

The business has a 50-day simple moving average of $13.52 and a 200-day simple moving average of $13.03. The firm has a market capitalization of $480.44 million, a PE ratio of 31.11 and a beta of 1.56.

Institutional Investors Weigh In On Roundhill Ball Metaverse ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in METV. Flow Traders U.S. LLC grew its stake in shares of Roundhill Ball Metaverse ETF by 521.2% during the third quarter. Flow Traders U.S. LLC now owns 85,484 shares of the company’s stock valued at $1,153,000 after buying an additional 71,722 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Roundhill Ball Metaverse ETF during the second quarter valued at approximately $112,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Roundhill Ball Metaverse ETF during the third quarter valued at approximately $37,000.

Roundhill Ball Metaverse ETF Company Profile

The Roundhill Ball Metaverse ETF (METV) is an exchange-traded fund that is based on the Ball Metaverse index. The fund is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet. Stocks are selected by a committee and weighted in tiers.