Short Interest in iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Declines By 48.4%

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 82 shares, a drop of 48.4% from the April 15th total of 159 shares. Based on an average daily volume of 367 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

iShares Future Metaverse Tech and Communications ETF Stock Performance

IVRS remained flat at $32.60 during midday trading on Monday. The company’s stock had a trading volume of 14 shares, compared to its average volume of 864. The stock has a market capitalization of $8.15 million, a PE ratio of 29.81 and a beta of 1.03. The firm has a fifty day simple moving average of $30.62 and a two-hundred day simple moving average of $33.67. iShares Future Metaverse Tech and Communications ETF has a 12-month low of $27.43 and a 12-month high of $43.12.

About iShares Future Metaverse Tech and Communications ETF

The iShares Future Metaverse Tech and Communications ETF (IVRS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of equity securities from around the world that are expected to contribute to the metaverse. IVRS was launched on Feb 14, 2023 and is managed by BlackRock.