First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Sees Significant Decline in Short Interest

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 100 shares, a decrease of 50.0% from the August 31st total of 200 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 100 shares, the short-interest ratio is presently 1.0 days.

First Trust Indxx Metaverse ETF Stock Performance

Shares of ARVR stock opened at $51.23 on Friday. The stock’s fifty day moving average is $48.42 and its 200-day moving average is $44.22. The stock has a market capitalization of $2.56 million, a PE ratio of 29.06 and a beta of -1.30. First Trust Indxx Metaverse ETF has a 52 week low of $33.09 and a 52 week high of $51.44.

Institutional Trading of First Trust Indxx Metaverse ETF

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC lifted its holdings in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,814 shares of the company’s stock after purchasing an additional 3,758 shares during the period. Jane Street Group LLC owned 29.63% of First Trust Indxx Metaverse ETF worth $564,000 at the end of the most recent reporting period.

First Trust Indxx Metaverse ETF Company Profile

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.