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

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 1,200 shares, a growth of 33.3% from the August 31st total of 900 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 2.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. increased its position in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,906 shares of the company’s stock after purchasing an additional 1,018 shares during the quarter. SRS Capital Advisors Inc. owned approximately 20.91% of First Trust Indxx Metaverse ETF worth $779,000 as of its most recent SEC filing.

First Trust Indxx Metaverse ETF Stock Down 0.4 %

NASDAQ ARVR traded down $0.16 during trading hours on Friday, hitting $37.91. 263 shares of the company were exchanged, compared to its average volume of 409. The stock has a 50-day moving average price of $35.91 and a 200 day moving average price of $36.07. First Trust Indxx Metaverse ETF has a 52 week low of $28.19 and a 52 week high of $38.91. The stock has a market cap of $3.79 million, a PE ratio of 25.12 and a beta of -1.30.

First Trust Indxx Metaverse ETF Company Profile

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.