Short Interest in Roundhill Ball Metaverse ETF (NYSEARCA:METV) Grows By 304.4%

Roundhill Ball Metaverse ETF (NYSEARCA:METV) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 95,069 shares, a growth of 304.4% from the May 31st total of 23,511 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 53,272 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GM Advisory Group LLC lifted its stake in Roundhill Ball Metaverse ETF by 0.6% in the first quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock valued at $2,671,000 after buying an additional 1,045 shares during the last quarter. Marshall Wace LLP acquired a new position in Roundhill Ball Metaverse ETF in the 2nd quarter valued at $244,000. Finally, JPMorgan Chase & Co. raised its holdings in Roundhill Ball Metaverse ETF by 2,778.4% during the third quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock worth $335,000 after purchasing an additional 15,698 shares in the last quarter.

Roundhill Ball Metaverse ETF Trading Up 0.9%

Shares of NYSEARCA METV traded up $0.15 during mid-day trading on Friday, reaching $17.68. The company had a trading volume of 63,514 shares, compared to its average volume of 65,242. Roundhill Ball Metaverse ETF has a 52-week low of $15.16 and a 52-week high of $21.41. The stock has a market cap of $227.72 million, a P/E ratio of 26.20 and a beta of 1.42. The firm has a 50 day simple moving average of $18.41 and a two-hundred day simple moving average of $17.87.

About Roundhill Ball Metaverse ETF

The Roundhill Ball Metaverse ETF (METV) is an exchange-traded fund that is based on the Ball Metaverse index. The fund is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet. Stocks are selected by a committee and weighted in tiers. METV was launched on Jun 30, 2021 and is managed by Roundhill.