First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Sees Large Decline in Short Interest

Posted by Thomas Dobrow on Dec 28th, 2024

First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Get Free Report) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 600 shares, a decrease of 62.5% from the November 30th total of 1,600 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 0.4 days.

First Trust Indxx Metaverse ETF Stock Performance

Shares of First Trust Indxx Metaverse ETF stock opened at $38.75 on Friday. The stock’s fifty day moving average is $38.58 and its 200 day moving average is $37.37. First Trust Indxx Metaverse ETF has a one year low of $32.15 and a one year high of $40.15. The stock has a market cap of $3.88 million, a P/E ratio of 25.12 and a beta of -1.30.

First Trust Indxx Metaverse ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.2844 per share. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On First Trust Indxx Metaverse ETF

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. lifted its stake in First Trust Indxx Metaverse ETF (NASDAQ:ARVR – Free Report) by 5.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,906 shares of the company’s stock after buying 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 at the end of the most recent reporting period.

About First Trust Indxx Metaverse ETF

(Get Free Report)

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.