First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Shares Shorted: Short Interest Down 73.8% in October

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 39 shares, a decline of 73.8% from the October 15th total of 149 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 114 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust Indxx Metaverse ETF

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Envestnet Asset Management Inc. grew its position in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 24.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,268 shares of the company’s stock after buying an additional 4,502 shares during the quarter. Envestnet Asset Management Inc. owned 15.51% of First Trust Indxx Metaverse ETF worth $1,335,000 at the end of the most recent reporting period.

First Trust Indxx Metaverse ETF Stock Up 0.5%

Shares of NASDAQ:ARVR opened at $56.82 on Thursday. First Trust Indxx Metaverse ETF has a 52-week low of $42.61 and a 52-week high of $59.25. The stock has a market cap of $8.52 million, a P/E ratio of 18.18 and a beta of 1.25. The business’s 50 day moving average is $57.48 and its 200 day moving average is $53.18.

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.