First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Update

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 1,022 shares, a decrease of 15.5% from the March 31st total of 1,210 shares. Based on an average daily volume of 69 shares, the days-to-cover ratio is currently 14.8 days. Currently, 1.0% of the shares of the company are short sold.

Institutional Trading of First Trust Indxx Metaverse ETF

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC boosted its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,814 shares of the company’s stock after purchasing an additional 3,758 shares during the quarter. Jane Street Group LLC owned about 29.63% of First Trust Indxx Metaverse ETF worth $564,000 at the end of the most recent quarter.

First Trust Indxx Metaverse ETF Trading Up 0.5%

ARVR stock traded up $0.25 on Friday, hitting $52.27. The company’s stock had a trading volume of 629 shares, compared to its average volume of 214. The firm has a 50 day moving average of $46.47 and a two-hundred day moving average of $48.35. First Trust Indxx Metaverse ETF has a 1 year low of $40.16 and a 1 year high of $52.29. The stock has a market cap of $5.23 million, a price-to-earnings ratio of 29.06 and a beta of 1.18.

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.