First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Sees Significant Decline in Short Interest

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 1,000 shares, a decrease of 9.1% from the September 30th total of 1,100 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. grew its holdings in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,906 shares of the company’s stock after purchasing an additional 1,018 shares during the period. SRS Capital Advisors Inc. owned about 20.91% of First Trust Indxx Metaverse ETF worth $779,000 at the end of the most recent quarter.

First Trust Indxx Metaverse ETF Stock Up 1.2 %

Shares of NASDAQ:ARVR opened at $38.14 on Wednesday. The company’s 50 day moving average price is $36.87 and its two-hundred day moving average price is $36.38. First Trust Indxx Metaverse ETF has a 12-month low of $28.61 and a 12-month high of $38.91. The firm has a market cap of $3.81 million, a PE ratio of 25.12 and a beta of -1.30.

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.