Short Interest in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Increases By 33.3%

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 1,200 shares, an increase of 33.3% from the August 31st total of 900 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently 2.4 days.

Institutional Trading of First Trust Indxx Metaverse ETF

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. boosted its holdings in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,906 shares of the company’s stock after acquiring an additional 1,018 shares during the quarter. SRS Capital Advisors Inc. owned approximately 20.91% of First Trust Indxx Metaverse ETF worth $779,000 at the end of the most recent reporting period.

First Trust Indxx Metaverse ETF Trading Up 2.5 %

ARVR stock traded up $0.94 during mid-day trading on Friday, reaching $38.07. 148 shares of the stock traded hands, compared to its average volume of 410. First Trust Indxx Metaverse ETF has a 52-week low of $28.19 and a 52-week high of $38.91. The company has a market cap of $3.81 million, a P/E ratio of 25.12 and a beta of -1.30. The stock’s fifty day moving average is $35.89 and its 200-day moving average is $36.05.

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.