iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Short Interest Update

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 2,208 shares, a growth of 2,592.7% from the April 30th total of 82 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 630 shares, the days-to-cover ratio is currently 3.5 days.

iShares Future Metaverse Tech and Communications ETF Stock Performance

NYSEARCA:IVRS traded down $0.34 during mid-day trading on Friday, hitting $32.88. 544 shares of the company’s stock traded hands, compared to its average volume of 808. The company has a fifty day moving average of $30.99 and a 200 day moving average of $33.23. iShares Future Metaverse Tech and Communications ETF has a twelve month low of $27.43 and a twelve month high of $43.12. The company has a market capitalization of $8.22 million, a P/E ratio of 29.81 and a beta of 1.03.

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.