Short Interest in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Expands By 312.1%

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 989 shares, an increase of 312.1% from the May 14th total of 240 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 664 shares, the short-interest ratio is currently 1.5 days.

First Trust Indxx Metaverse ETF Price Performance

Shares of ARVR remained flat at $53.64 during mid-day trading on Thursday. 1,063 shares of the stock traded hands, compared to its average volume of 352. The company has a 50-day moving average price of $51.76 and a 200-day moving average price of $49.28. First Trust Indxx Metaverse ETF has a 52-week low of $42.61 and a 52-week high of $58.55. The company has a market cap of $5.36 million, a price-to-earnings ratio of 29.06 and a beta of 1.24.

Institutional Trading of First Trust Indxx Metaverse ETF

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC increased its position in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,814 shares of the company’s stock after buying an additional 3,758 shares during the period. Jane Street Group LLC owned 29.63% of First Trust Indxx Metaverse ETF worth $564,000 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.