First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Sees Large Growth in Short Interest

First Trust Indxx Metaverse ETF (NASDAQ:ARVRGet Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,603 shares, an increase of 131.0% from the July 15th total of 694 shares. Based on an average trading volume of 179 shares, the days-to-cover ratio is currently 9.0 days. Approximately 1.6% of the company’s stock are sold short.

First Trust Indxx Metaverse ETF Price Performance

Shares of NASDAQ ARVR traded up $0.84 during midday trading on Friday, hitting $57.66. 13 shares of the company’s stock were exchanged, compared to its average volume of 363. The firm’s fifty day simple moving average is $55.53 and its 200-day simple moving average is $51.33. The company has a market cap of $5.77 million, a PE ratio of 29.06 and a beta of 1.24. First Trust Indxx Metaverse ETF has a twelve month low of $42.61 and a twelve month high of $58.55.

First Trust Indxx Metaverse ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1065 dividend. This represents a $0.43 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Indxx Metaverse ETF

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC grew its stake in First Trust Indxx Metaverse ETF (NASDAQ:ARVRFree Report) by 34.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,814 shares of the company’s stock after buying an additional 3,758 shares during the period. Jane Street Group LLC owned 29.63% of First Trust Indxx Metaverse ETF worth $564,000 at the end of the most recent reporting period.

First Trust Indxx Metaverse ETF Company Profile

(Get Free Report)

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.

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