ProShares Metaverse ETF (NYSEARCA:VERS) Sees Significant Growth in Short Interest

ProShares Metaverse ETF (NYSEARCA:VERS) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 568 shares, a growth of 932.7% from the August 31st total of 55 shares. Based on an average daily volume of 583 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.8% of the company’s shares are sold short.

ProShares Metaverse ETF Stock Performance

Shares of NYSEARCA:VERS traded up $0.78 during midday trading on Friday, hitting $74.85. 129 shares of the stock were exchanged, compared to its average volume of 325. The business’s 50-day moving average price is $71.21 and its 200 day moving average price is $69.14. ProShares Metaverse ETF has a 12 month low of $50.55 and a 12 month high of $84.91. The stock has a market capitalization of $5.24 million, a price-to-earnings ratio of 25.65 and a beta of 1.60.

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.