iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Short Interest Up 441.7% in March

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 623 shares, a growth of 441.7% from the February 26th total of 115 shares. Based on an average daily volume of 206 shares, the short-interest ratio is currently 3.0 days. Approximately 0.3% of the shares of the company are sold short.

iShares Future Metaverse Tech and Communications ETF Price Performance

Shares of IVRS traded down $0.87 on Thursday, reaching $28.09. The company’s stock had a trading volume of 7 shares, compared to its average volume of 1,147. The stock has a market capitalization of $5.62 million, a P/E ratio of 29.81 and a beta of 0.96. The stock’s 50 day simple moving average is $31.40 and its two-hundred day simple moving average is $36.43. iShares Future Metaverse Tech and Communications ETF has a 12-month low of $28.09 and a 12-month high of $43.12.

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.