Short Interest in Roundhill Ball Metaverse ETF (NYSEARCA:METV) Declines By 64.3%

Roundhill Ball Metaverse ETF (NYSEARCA:METV) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 39,517 shares, a decrease of 64.3% from the June 30th total of 110,552 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 56,505 shares, the days-to-cover ratio is currently 0.7 days.

Roundhill Ball Metaverse ETF Stock Up 0.4%

Shares of NYSEARCA:METV opened at $18.70 on Wednesday. The firm has a fifty day simple moving average of $18.64 and a two-hundred day simple moving average of $17.83. Roundhill Ball Metaverse ETF has a 52 week low of $15.16 and a 52 week high of $21.41. The stock has a market capitalization of $213.74 million, a P/E ratio of 26.20 and a beta of 1.42.

Hedge Funds Weigh In On Roundhill Ball Metaverse ETF

Several large investors have recently modified their holdings of METV. GM Advisory Group LLC lifted its holdings in shares of Roundhill Ball Metaverse ETF by 0.6% in the 1st quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock worth $2,671,000 after acquiring an additional 1,045 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Roundhill Ball Metaverse ETF by 2,778.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock worth $335,000 after buying an additional 15,698 shares during the period. Finally, Marshall Wace LLP purchased a new position in Roundhill Ball Metaverse ETF during the 2nd quarter valued at about $244,000.

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.