Short Interest in ProShares Metaverse ETF (NYSEARCA:VERS) Declines By 68.0%

ProShares Metaverse ETF (NYSEARCA:VERS) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 307 shares, a drop of 68.0% from the May 14th total of 960 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 618 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Metaverse ETF Price Performance

Shares of NYSEARCA:VERS remained flat at $73.07 during midday trading on Thursday. The stock had a trading volume of 253 shares, compared to its average volume of 320. The firm has a market capitalization of $6.58 million, a PE ratio of 25.65 and a beta of 1.59. The stock’s fifty day moving average is $69.19 and its 200 day moving average is $62.61. ProShares Metaverse ETF has a 12 month low of $50.23 and a 12 month high of $84.91.

ProShares Metaverse ETF Company Profile

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. VERS was launched on Mar 15, 2022 and is managed by ProShares.