First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Stock Short Interest Drops 96.9%

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 173 shares, a decline of 96.9% from the September 15th total of 5,571 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 565 shares, the short-interest ratio is currently 0.3 days.

First Trust Indxx Metaverse ETF Stock Up 1.3%

Shares of ARVR stock traded up $0.75 during trading hours on Friday, reaching $58.90. 473 shares of the company’s stock were exchanged, compared to its average volume of 383. First Trust Indxx Metaverse ETF has a fifty-two week low of $42.61 and a fifty-two week high of $59.25. The stock has a market capitalization of $8.84 million, a P/E ratio of 29.06 and a beta of 1.24. The business has a fifty day moving average price of $57.35 and a 200-day moving average price of $54.33.

Hedge Funds Weigh In On First Trust Indxx Metaverse ETF

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 24.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,268 shares of the company’s stock after purchasing an additional 4,502 shares during the quarter. Envestnet Asset Management Inc. owned 15.51% of First Trust Indxx Metaverse ETF worth $1,335,000 at the end of the most recent quarter.

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.