First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Update

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 1,452 shares, a growth of 90.6% from the December 15th total of 762 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average trading volume of 613 shares, the short-interest ratio is currently 2.4 days. Based on an average trading volume of 613 shares, the short-interest ratio is currently 2.4 days. Approximately 1.5% of the company’s stock are short sold.

First Trust Indxx Metaverse ETF Stock Down 0.8%

Shares of NASDAQ:ARVR opened at $49.93 on Thursday. First Trust Indxx Metaverse ETF has a 52-week low of $33.09 and a 52-week high of $52.06. The company has a 50 day moving average of $49.21 and a two-hundred day moving average of $48.92. The company has a market capitalization of $4.99 million, a price-to-earnings ratio of 29.06 and a beta of 1.18.

First Trust Indxx Metaverse ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.26 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.04 annualized dividend and a dividend yield of 2.1%.

Hedge Funds Weigh In On First Trust Indxx Metaverse ETF

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

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.