Short Interest in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Declines By 9.1%

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

First Trust Indxx Metaverse ETF Price Performance

Shares of First Trust Indxx Metaverse ETF stock opened at $37.56 on Friday. First Trust Indxx Metaverse ETF has a 1 year low of $28.85 and a 1 year high of $38.91. The company has a market capitalization of $3.76 million, a P/E ratio of 25.12 and a beta of -1.30. The business has a 50 day moving average price of $36.92 and a 200 day moving average price of $36.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. raised its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,906 shares of the company’s stock after acquiring an additional 1,018 shares during the period. SRS Capital Advisors Inc. owned 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 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.