ProShares Metaverse ETF (NYSEARCA:VERS) Sees Large Decrease in Short Interest

ProShares Metaverse ETF (NYSEARCA:VERS) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 307 shares, a decline of 68.0% from the May 14th total of 960 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 618 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Metaverse ETF Stock Performance

Shares of NYSEARCA:VERS traded up $0.28 during midday trading on Friday, hitting $76.47. 269 shares of the company’s stock traded hands, compared to its average volume of 322. The company has a market cap of $6.88 million, a PE ratio of 25.65 and a beta of 1.59. The firm’s fifty day moving average price is $70.09 and its two-hundred day moving average price is $62.83. ProShares Metaverse ETF has a twelve month low of $50.23 and a twelve month high of $84.91.

About ProShares Metaverse ETF

The ProShares Metaverse ETF (VERS) is an exchange-traded fund that is based on the Solactive Metaverse Theme index. The fund tracks a concentrated index of stocks, spanning a broad range of industries globally, that are positioned to benefit from the development and use of the Metaverse. Stocks are selected based on the amount of exposure to the related theme and weighted based on a modified equal weight strategy. VERS was launched on Mar 15, 2022 and is managed by ProShares.