Short Interest in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Grows By 131.0%

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,603 shares, an increase of 131.0% from the July 15th total of 694 shares. Based on an average daily trading volume, of 179 shares, the short-interest ratio is currently 9.0 days. Currently, 1.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC increased its stake in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,814 shares of the company’s stock after buying an additional 3,758 shares during the quarter. Jane Street Group LLC owned approximately 29.63% of First Trust Indxx Metaverse ETF worth $564,000 as of its most recent SEC filing.

First Trust Indxx Metaverse ETF Trading Up 1.5%

Shares of NASDAQ ARVR traded up $0.84 during mid-day trading on Friday, hitting $57.66. The company had a trading volume of 13 shares, compared to its average volume of 363. The company has a market capitalization of $5.77 million, a PE ratio of 29.06 and a beta of 1.24. The firm has a 50-day simple moving average of $55.53 and a two-hundred day simple moving average of $51.33. First Trust Indxx Metaverse ETF has a one year low of $42.61 and a one year high of $58.55.

First Trust Indxx Metaverse ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1065 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.43 annualized dividend and a yield of 0.7%.

About First Trust Indxx Metaverse ETF

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.