First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Stock Short Interest Report for October

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 39 shares, a decline of 73.8% from the October 15th total of 149 shares. Based on an average trading volume of 114 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust Indxx Metaverse ETF

A hedge fund recently raised its position in First Trust Indxx Metaverse ETF stock. Envestnet Asset Management Inc. grew its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 24.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,268 shares of the company’s stock after buying an additional 4,502 shares during the period. Envestnet Asset Management Inc. owned 15.51% of First Trust Indxx Metaverse ETF worth $1,335,000 at the end of the most recent quarter.

First Trust Indxx Metaverse ETF Trading Down 1.0%

ARVR traded down $0.55 during trading on Friday, hitting $56.61. The stock had a trading volume of 427 shares, compared to its average volume of 400. First Trust Indxx Metaverse ETF has a 12 month low of $42.61 and a 12 month high of $59.25. The firm has a market cap of $8.49 million, a PE ratio of 18.18 and a beta of 1.25. The company has a 50 day simple moving average of $57.49 and a 200-day simple moving average of $53.21.

First Trust Indxx Metaverse ETF Company Profile

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.