ProShares Metaverse ETF (NYSEARCA:VERS) Sees Significant Decline in Short Interest

ProShares Metaverse ETF (NYSEARCA:VERS) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 64 shares, a drop of 89.6% from the July 15th total of 613 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 232 shares, the short-interest ratio is currently 0.3 days.

ProShares Metaverse ETF Stock Performance

Shares of NYSEARCA:VERS opened at $74.00 on Friday. ProShares Metaverse ETF has a 52 week low of $50.55 and a 52 week high of $84.91. The firm has a market cap of $6.66 million, a PE ratio of 25.65 and a beta of 1.60. The firm’s fifty day moving average is $72.79 and its 200-day moving average is $66.06.

About ProShares Metaverse ETF

The ProShares Metaverse ETF (VERS) is an exchange-traded fund that is based on the Solactive Metaverse Theme index. The fund tracks a concentrated index of stocks, spanning a broad range of industries globally, that are positioned to benefit from the development and use of the Metaverse. Stocks are selected based on the amount of exposure to the related theme and weighted based on a modified equal weight strategy. VERS was launched on Mar 15, 2022 and is managed by ProShares.