Short Interest in ProShares Metaverse ETF (NYSEARCA:VERS) Declines By 39.7%

ProShares Metaverse ETF (NYSEARCA:VERS) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 185 shares, a decline of 39.7% from the May 31st total of 307 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 629 shares, the days-to-cover ratio is currently 0.3 days.

ProShares Metaverse ETF Stock Performance

Shares of VERS stock traded up $1.22 during mid-day trading on Wednesday, reaching $75.23. The company’s stock had a trading volume of 36 shares, compared to its average volume of 317. The firm’s 50-day moving average is $74.43 and its two-hundred day moving average is $64.05. The company has a market cap of $6.77 million, a P/E ratio of 25.65 and a beta of 1.59. ProShares Metaverse ETF has a 1-year low of $50.55 and a 1-year high of $84.91.

ProShares Metaverse ETF Company Profile

The ProShares Metaverse ETF (VERS) is an exchange-traded fund that is based on the Solactive Metaverse Theme index. The fund tracks a concentrated index of stocks, spanning a broad range of industries globally, that are positioned to benefit from the development and use of the Metaverse. Stocks are selected based on the amount of exposure to the related theme and weighted based on a modified equal weight strategy. VERS was launched on Mar 15, 2022 and is managed by ProShares.