ProShares Metaverse ETF (NYSEARCA:VERS – Get Free Report)’s share price dropped 0.5% during mid-day trading on Tuesday . The stock traded as low as $36.67 and last traded at $36.67. Approximately 293 shares changed hands during trading, a decline of 69% from the average daily volume of 960 shares. The stock had previously closed at $36.87.
ProShares Metaverse ETF Stock Performance
The company’s fifty day simple moving average is $38.74 and its 200-day simple moving average is $35.95. The company has a market capitalization of $6.23 million, a P/E ratio of 18.01 and a beta of 1.74.
Institutional Investors Weigh In On ProShares Metaverse ETF
Institutional investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC grew its stake in ProShares Metaverse ETF by 122.7% in the 1st quarter. Gradient Investments LLC now owns 4,946 shares of the company’s stock valued at $170,000 after acquiring an additional 2,725 shares during the period. Citadel Advisors LLC acquired a new stake in ProShares Metaverse ETF in the 2nd quarter valued at $257,000. UBS Group AG acquired a new stake in ProShares Metaverse ETF during the 1st quarter worth $895,000. Tower Research Capital LLC TRC boosted its stake in ProShares Metaverse ETF by 150.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 22,872 shares of the company’s stock worth $786,000 after purchasing an additional 13,753 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in ProShares Metaverse ETF during the 1st quarter worth $1,343,000.
About ProShares Metaverse ETF
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.
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