Short Interest in Roundhill Ball Metaverse ETF (NYSEARCA:METV) Drops By 18.2%

Roundhill Ball Metaverse ETF (NYSEARCA:METV) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 9,129 shares, a decline of 18.2% from the January 15th total of 11,163 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 77,555 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 77,555 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Roundhill Ball Metaverse ETF Price Performance

Shares of METV stock traded down $0.01 during trading hours on Tuesday, hitting $16.57. The stock had a trading volume of 53,076 shares, compared to its average volume of 87,393. The stock has a market capitalization of $236.12 million, a price-to-earnings ratio of 26.20 and a beta of 1.43. Roundhill Ball Metaverse ETF has a one year low of $11.43 and a one year high of $21.41. The stock’s 50-day moving average price is $18.57 and its two-hundred day moving average price is $19.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GM Advisory Group LLC raised its stake in Roundhill Ball Metaverse ETF by 1.6% during the fourth quarter. GM Advisory Group LLC now owns 166,602 shares of the company’s stock valued at $3,129,000 after purchasing an additional 2,650 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Roundhill Ball Metaverse ETF by 2,778.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock valued at $335,000 after buying an additional 15,698 shares in the last quarter. Leavell Investment Management Inc. raised its position in shares of Roundhill Ball Metaverse ETF by 35.2% during the 3rd quarter. Leavell Investment Management Inc. now owns 195,568 shares of the company’s stock valued at $4,029,000 after buying an additional 50,868 shares in the last quarter. Q3 Asset Management bought a new position in shares of Roundhill Ball Metaverse ETF in the 3rd quarter valued at about $1,045,000. Finally, Marshall Wace LLP purchased a new position in Roundhill Ball Metaverse ETF in the second quarter worth about $244,000.

About Roundhill Ball Metaverse ETF

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. METV was launched on Jun 30, 2021 and is managed by Roundhill.