Roundhill Ball Metaverse ETF (NYSEARCA:METV) Short Interest Down 18.2% in January

Roundhill Ball Metaverse ETF (NYSEARCA:METV) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 9,129 shares, a drop of 18.2% from the January 15th total of 11,163 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 77,555 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 77,555 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Roundhill Ball Metaverse ETF Price Performance

NYSEARCA METV traded up $0.19 during mid-day trading on Monday, hitting $16.58. The company’s stock had a trading volume of 193,513 shares, compared to its average volume of 88,650. The firm has a market capitalization of $236.27 million, a P/E ratio of 26.20 and a beta of 1.43. Roundhill Ball Metaverse ETF has a 52-week low of $11.43 and a 52-week high of $21.41. The stock’s fifty day simple moving average is $18.57 and its two-hundred day simple moving average is $19.35.

Institutional Investors Weigh In On Roundhill Ball Metaverse ETF

A number of hedge funds have recently bought and sold shares of METV. Marshall Wace LLP purchased a new stake in Roundhill Ball Metaverse ETF during the 2nd quarter worth approximately $244,000. JPMorgan Chase & Co. grew its position in shares of Roundhill Ball Metaverse ETF by 2,778.4% during the third quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock worth $335,000 after buying an additional 15,698 shares in the last quarter. Q3 Asset Management acquired a new stake in shares of Roundhill Ball Metaverse ETF during the third quarter worth approximately $1,045,000. Leavell Investment Management Inc. bought a new stake in shares of Roundhill Ball Metaverse ETF in the second quarter worth $2,464,000. Finally, GM Advisory Group LLC raised its holdings in Roundhill Ball Metaverse ETF by 1.6% in the fourth quarter. GM Advisory Group LLC now owns 166,602 shares of the company’s stock valued at $3,129,000 after acquiring an additional 2,650 shares in the last quarter.

Roundhill Ball Metaverse ETF Company Profile

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.