Short Interest in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Increases By 90.6%

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 1,452 shares, a growth of 90.6% from the December 15th total of 762 shares. Based on an average daily volume of 613 shares, the short-interest ratio is currently 2.4 days. Approximately 1.5% of the shares of the stock are sold short. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 613 shares, the short-interest ratio is currently 2.4 days.

First Trust Indxx Metaverse ETF Trading Down 0.1%

ARVR opened at $50.16 on Friday. The stock has a market capitalization of $5.02 million, a P/E ratio of 29.06 and a beta of 1.18. The stock has a 50-day moving average price of $49.25 and a 200-day moving average price of $48.95. First Trust Indxx Metaverse ETF has a 12-month low of $33.09 and a 12-month high of $52.06.

First Trust Indxx Metaverse ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.04 annualized dividend and a yield of 2.1%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Envestnet Asset Management Inc. increased its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 27.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,887 shares of the company’s stock after purchasing an additional 2,364 shares during the period. Envestnet Asset Management Inc. owned approximately 21.77% of First Trust Indxx Metaverse ETF worth $514,000 as of its most recent SEC filing.

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.