Short Interest in ProShares Metaverse ETF (NYSEARCA:VERS) Declines By 68.0%

ProShares Metaverse ETF (NYSEARCA:VERS) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 307 shares, a decrease of 68.0% from the May 14th total of 960 shares. Based on an average daily volume of 618 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

ProShares Metaverse ETF Stock Performance

NYSEARCA VERS remained flat at $73.07 on Thursday. 253 shares of the company’s stock traded hands, compared to its average volume of 320. ProShares Metaverse ETF has a 1 year low of $50.23 and a 1 year high of $84.91. The stock has a market cap of $6.58 million, a PE ratio of 25.65 and a beta of 1.59. The firm’s 50 day simple moving average is $69.19 and its 200-day simple moving average is $62.61.

About ProShares Metaverse ETF

The ProShares Metaverse ETF (VERS) is an exchange-traded fund that is based on the Solactive Metaverse Theme index. The fund tracks a concentrated index of stocks, spanning a broad range of industries globally, that are positioned to benefit from the development and use of the Metaverse. Stocks are selected based on the amount of exposure to the related theme and weighted based on a modified equal weight strategy. VERS was launched on Mar 15, 2022 and is managed by ProShares.