Roundhill Ball Metaverse ETF (NYSEARCA:METV) Sees Significant Decrease in Short Interest

Roundhill Ball Metaverse ETF (NYSEARCA:METV) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 9,129 shares, a drop of 18.2% from the January 15th total of 11,163 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 77,555 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 77,555 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in METV. Marshall Wace LLP acquired a new stake in shares of Roundhill Ball Metaverse ETF during the 2nd quarter valued at approximately $244,000. JPMorgan Chase & Co. increased its stake in Roundhill Ball Metaverse ETF by 2,778.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock valued at $335,000 after purchasing an additional 15,698 shares in the last quarter. Q3 Asset Management acquired a new position in Roundhill Ball Metaverse ETF during the third quarter worth $1,045,000. Leavell Investment Management Inc. purchased a new stake in Roundhill Ball Metaverse ETF during the second quarter worth $2,464,000. Finally, GM Advisory Group LLC grew its holdings in Roundhill Ball Metaverse ETF by 1.6% in the fourth quarter. GM Advisory Group LLC now owns 166,602 shares of the company’s stock valued at $3,129,000 after purchasing an additional 2,650 shares during the last quarter.

Roundhill Ball Metaverse ETF Stock Performance

NYSEARCA:METV opened at $16.54 on Wednesday. Roundhill Ball Metaverse ETF has a 1 year low of $11.43 and a 1 year high of $21.41. The stock has a fifty day moving average price of $18.51 and a two-hundred day moving average price of $19.34. The stock has a market capitalization of $235.70 million, a price-to-earnings ratio of 26.20 and a beta of 1.43.

About Roundhill Ball Metaverse ETF

The Roundhill Ball Metaverse ETF (METV) is an exchange-traded fund that is based on the Ball Metaverse index. The fund is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet. Stocks are selected by a committee and weighted in tiers. METV was launched on Jun 30, 2021 and is managed by Roundhill.