Roundhill Ball Metaverse ETF (NYSEARCA:METV) Short Interest Update

Roundhill Ball Metaverse ETF (NYSEARCA:METV) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 182,249 shares, an increase of 860.4% from the August 15th total of 18,976 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 77,372 shares, the days-to-cover ratio is presently 2.4 days.

Roundhill Ball Metaverse ETF Stock Performance

Shares of NYSEARCA:METV traded down $0.12 during midday trading on Thursday, hitting $20.16. The company’s stock had a trading volume of 75,896 shares, compared to its average volume of 59,895. The company has a market cap of $230.43 million, a P/E ratio of 26.20 and a beta of 1.44. Roundhill Ball Metaverse ETF has a 12-month low of $15.16 and a 12-month high of $21.41. The business’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $18.18.

Institutional Trading of Roundhill Ball Metaverse ETF

Several hedge funds have recently made changes to their positions in METV. GM Advisory Group LLC grew its holdings in shares of Roundhill Ball Metaverse ETF by 0.6% during the 1st quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock worth $2,671,000 after purchasing an additional 1,045 shares during the period. JPMorgan Chase & Co. raised its holdings in Roundhill Ball Metaverse ETF by 2,778.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock valued at $335,000 after buying an additional 15,698 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Roundhill Ball Metaverse ETF in the 2nd quarter valued at about $244,000.

Roundhill Ball Metaverse ETF Company Profile

The Roundhill Ball Metaverse ETF (METV) is an exchange-traded fund that is based on the Ball Metaverse index. The fund is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet. Stocks are selected by a committee and weighted in tiers. METV was launched on Jun 30, 2021 and is managed by Roundhill.