iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Sees Significant Growth in Short Interest

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 901 shares, a growth of 858.5% from the June 30th total of 94 shares. Based on an average trading volume of 677 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are sold short.

iShares Future Metaverse Tech and Communications ETF Price Performance

Shares of NYSEARCA IVRS opened at $30.64 on Monday. The stock has a market capitalization of $7.66 million, a P/E ratio of 29.81 and a beta of 1.06. The company has a 50-day moving average price of $32.03 and a 200-day moving average price of $31.76. iShares Future Metaverse Tech and Communications ETF has a 1 year low of $27.43 and a 1 year high of $43.12.

iShares Future Metaverse Tech and Communications ETF Company Profile

The iShares Future Metaverse Tech and Communications ETF (IVRS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of equity securities from around the world that are expected to contribute to the metaverse. IVRS was launched on Feb 14, 2023 and is managed by BlackRock.