Roundhill Ball Metaverse ETF (NYSEARCA:METV) Short Interest Update

Roundhill Ball Metaverse ETF (NYSEARCA:METV) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 20,874 shares, a decline of 47.2% from the July 15th total of 39,517 shares. Based on an average daily trading volume, of 41,070 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Roundhill Ball Metaverse ETF Price Performance

METV stock traded up $0.05 during trading on Friday, reaching $19.33. The company had a trading volume of 17,806 shares, compared to its average volume of 60,037. Roundhill Ball Metaverse ETF has a 52 week low of $15.16 and a 52 week high of $21.41. The business has a 50 day moving average of $18.63 and a 200 day moving average of $17.81. The company has a market cap of $220.94 million, a P/E ratio of 26.20 and a beta of 1.43.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in shares of Roundhill Ball Metaverse ETF during the second quarter valued at approximately $244,000. JPMorgan Chase & Co. raised 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 worth $335,000 after purchasing an additional 15,698 shares in the last quarter. Finally, GM Advisory Group LLC raised its holdings in Roundhill Ball Metaverse ETF by 0.6% in the first quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock worth $2,671,000 after purchasing an additional 1,045 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.