First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Update

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 600 shares, a decline of 62.5% from the November 30th total of 1,600 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Indxx Metaverse ETF Stock Down 0.4 %

First Trust Indxx Metaverse ETF stock opened at $38.75 on Friday. First Trust Indxx Metaverse ETF has a 52 week low of $32.15 and a 52 week high of $40.15. The business’s 50-day moving average price is $38.58 and its 200 day moving average price is $37.37. The firm has a market cap of $3.88 million, a price-to-earnings ratio of 25.12 and a beta of -1.30.

First Trust Indxx Metaverse ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.2844 dividend. The ex-dividend date is Friday, December 13th.

Institutional Investors Weigh In On First Trust Indxx Metaverse ETF

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. boosted its stake in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,906 shares of the company’s stock after acquiring an additional 1,018 shares during the quarter. SRS Capital Advisors Inc. owned 20.91% of First Trust Indxx Metaverse ETF worth $779,000 as of its most recent filing with the SEC.

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.