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

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

iShares Future Metaverse Tech and Communications ETF Stock Performance

iShares Future Metaverse Tech and Communications ETF stock traded down $1.01 during trading hours on Tuesday, reaching $28.69. 45 shares of the stock were exchanged, compared to its average volume of 1,185. The stock has a market cap of $5.74 million, a P/E ratio of 29.81 and a beta of 0.96. iShares Future Metaverse Tech and Communications ETF has a 52-week low of $28.35 and a 52-week high of $43.12. The firm’s 50 day moving average is $31.73 and its 200 day moving average is $36.54.

About iShares Future Metaverse Tech and Communications ETF

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.