Roundhill Ball Metaverse ETF (NYSEARCA:METV) Short Interest Down 48.9% in March

Roundhill Ball Metaverse ETF (NYSEARCA:METV) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 43,688 shares, a decrease of 48.9% from the February 26th total of 85,495 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 53,931 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Roundhill Ball Metaverse ETF

Several institutional investors have recently modified their holdings of METV. Leavell Investment Management Inc. lifted its position in Roundhill Ball Metaverse ETF by 35.2% in the 3rd quarter. Leavell Investment Management Inc. now owns 195,568 shares of the company’s stock worth $4,029,000 after buying an additional 50,868 shares during the last quarter. Q3 Asset Management purchased a new position in shares of Roundhill Ball Metaverse ETF during the third quarter worth approximately $1,045,000. JPMorgan Chase & Co. raised its stake in shares of Roundhill Ball Metaverse ETF by 2,778.4% during the third quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock worth $335,000 after acquiring an additional 15,698 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Roundhill Ball Metaverse ETF in the 2nd quarter worth approximately $244,000. Finally, GM Advisory Group LLC boosted its stake in shares of Roundhill Ball Metaverse ETF by 1.6% in the 4th 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 in the last quarter.

Roundhill Ball Metaverse ETF Stock Performance

Roundhill Ball Metaverse ETF stock traded down $0.58 during mid-day trading on Thursday, hitting $15.55. 101,719 shares of the company traded hands, compared to its average volume of 75,719. Roundhill Ball Metaverse ETF has a one year low of $11.43 and a one year high of $21.41. The stock has a market cap of $221.59 million, a price-to-earnings ratio of 26.20 and a beta of 1.43. The stock has a fifty day moving average price of $17.08 and a 200-day moving average price of $18.87.

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.