ProShares Metaverse ETF (NYSEARCA:VERS) Stock Price Up 1% – What’s Next?

ProShares Metaverse ETF (NYSEARCA:VERS) shares rose 1% during trading on Wednesday . The stock traded as high as $48.46 and last traded at $48.46. Approximately 45 shares were traded during trading, a decline of 93% from the average daily volume of 671 shares. The stock had previously closed at $47.98.

ProShares Metaverse ETF Stock Up 1.0 %

The company has a market cap of $5.33 million, a price-to-earnings ratio of 20.21 and a beta of 1.43. The firm has a 50-day simple moving average of $52.21 and a 200 day simple moving average of $48.09.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Metaverse ETF stock. Tower Research Capital LLC TRC grew its stake in ProShares Metaverse ETF (NYSEARCA:VERS) by 63.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,278 shares of the company’s stock after purchasing an additional 5,526 shares during the period. Tower Research Capital LLC TRC owned approximately 10.20% of ProShares Metaverse ETF worth $701,000 at the end of the most recent reporting period.

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.