ProShares Metaverse ETF (NYSEARCA:VERS) Short Interest Up 1,293.8% in August

ProShares Metaverse ETF (NYSEARCA:VERS) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 892 shares, a growth of 1,293.8% from the July 30th total of 64 shares. Based on an average daily volume of 589 shares, the short-interest ratio is currently 1.5 days. Approximately 1.0% of the shares of the company are sold short.

ProShares Metaverse ETF Price Performance

Shares of VERS stock traded up $0.97 during trading hours on Tuesday, reaching $70.65. 216 shares of the company’s stock were exchanged, compared to its average volume of 308. The company’s 50 day moving average is $72.02 and its two-hundred day moving average is $66.72. The company has a market cap of $6.36 million, a P/E ratio of 25.65 and a beta of 1.60. ProShares Metaverse ETF has a 1 year low of $50.55 and a 1 year high of $84.91.

ProShares Metaverse ETF Company Profile

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.