iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Sees Large Growth in Short Interest

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 2,208 shares, an increase of 2,592.7% from the April 30th total of 82 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 630 shares, the days-to-cover ratio is presently 3.5 days.

iShares Future Metaverse Tech and Communications ETF Price Performance

Shares of iShares Future Metaverse Tech and Communications ETF stock opened at $32.85 on Thursday. The company has a 50-day moving average of $30.95 and a 200 day moving average of $33.26. The firm has a market cap of $8.21 million, a price-to-earnings ratio of 29.81 and a beta of 1.03. iShares Future Metaverse Tech and Communications ETF has a 1 year low of $27.43 and a 1 year high of $43.12.

About iShares Future Metaverse Tech and Communications ETF

The iShares Future Metaverse Tech and Communications ETF (IVRS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of equity securities from around the world that are expected to contribute to the metaverse. IVRS was launched on Feb 14, 2023 and is managed by BlackRock.