First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Shares Shorted: Short Interest Down 96.9% in September

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 173 shares, a decline of 96.9% from the September 15th total of 5,571 shares. Based on an average daily trading volume, of 565 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in First Trust Indxx Metaverse ETF stock. Envestnet Asset Management Inc. boosted its position in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 24.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,268 shares of the company’s stock after buying an additional 4,502 shares during the period. Envestnet Asset Management Inc. owned approximately 15.51% of First Trust Indxx Metaverse ETF worth $1,335,000 at the end of the most recent quarter.

First Trust Indxx Metaverse ETF Price Performance

Shares of NASDAQ:ARVR opened at $58.90 on Friday. The company has a market capitalization of $8.84 million, a P/E ratio of 29.06 and a beta of 1.24. First Trust Indxx Metaverse ETF has a 1 year low of $42.61 and a 1 year high of $59.25. The business’s 50 day simple moving average is $57.35 and its 200 day simple moving average is $54.33.

About First Trust Indxx Metaverse ETF

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.