Short Interest in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Grows By 312.1%

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 989 shares, a growth of 312.1% from the May 14th total of 240 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 664 shares, the days-to-cover ratio is currently 1.5 days.

First Trust Indxx Metaverse ETF Stock Up 0.9%

Shares of ARVR stock traded up $0.52 during trading hours on Friday, hitting $55.77. 1,611 shares of the company’s stock traded hands, compared to its average volume of 362. The stock’s fifty day simple moving average is $52.00 and its two-hundred day simple moving average is $49.34. First Trust Indxx Metaverse ETF has a 12-month low of $42.61 and a 12-month high of $58.55. The stock has a market cap of $5.58 million, a price-to-earnings ratio of 29.06 and a beta of 1.24.

Institutional Trading of First Trust Indxx Metaverse ETF

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC raised its position in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,814 shares of the company’s stock after purchasing an additional 3,758 shares during the quarter. Jane Street Group LLC owned 29.63% of First Trust Indxx Metaverse ETF worth $564,000 as of its most recent SEC filing.

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.