Roundhill Ball Metaverse ETF (NYSEARCA:METV) Short Interest Down 52.7% in February

Roundhill Ball Metaverse ETF (NYSEARCA:METV) was the target of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 85,495 shares, a decrease of 52.7% from the February 12th total of 180,924 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 57,567 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 57,567 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.6% of the company’s stock are short sold.

Roundhill Ball Metaverse ETF Price Performance

Shares of METV stock traded down $0.38 during trading on Thursday, reaching $16.22. The company’s stock had a trading volume of 33,403 shares, compared to its average volume of 75,585. The company has a market capitalization of $231.14 million, a price-to-earnings ratio of 26.20 and a beta of 1.43. The stock’s 50-day moving average price is $17.72 and its 200 day moving average price is $19.08. Roundhill Ball Metaverse ETF has a 1-year low of $11.43 and a 1-year high of $21.41.

Hedge Funds Weigh In On Roundhill Ball Metaverse ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in METV. Marshall Wace LLP purchased a new stake in shares of Roundhill Ball Metaverse ETF during the second quarter worth $244,000. JPMorgan Chase & Co. boosted its holdings in Roundhill Ball Metaverse ETF by 2,778.4% in the third quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock valued at $335,000 after purchasing an additional 15,698 shares during the period. Q3 Asset Management purchased a new position in Roundhill Ball Metaverse ETF in the third quarter valued at $1,045,000. GM Advisory Group LLC grew its stake in Roundhill Ball Metaverse ETF by 1.6% during the 4th quarter. GM Advisory Group LLC now owns 166,602 shares of the company’s stock worth $3,129,000 after purchasing an additional 2,650 shares in the last quarter. Finally, Leavell Investment Management Inc. grew its stake in 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 worth $4,029,000 after purchasing an additional 50,868 shares in the last quarter.

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.