Short Interest in ProShares Metaverse ETF (NYSEARCA:VERS) Increases By 18.2%

ProShares Metaverse ETF (NYSEARCA:VERS) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 578 shares, a growth of 18.2% from the February 26th total of 489 shares. Based on an average trading volume of 268 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.6% of the company’s shares are sold short.

ProShares Metaverse ETF Stock Performance

Shares of NYSEARCA:VERS opened at $54.26 on Thursday. The firm has a 50 day simple moving average of $56.31 and a 200 day simple moving average of $60.03. ProShares Metaverse ETF has a 52 week low of $38.98 and a 52 week high of $66.05. The company has a market cap of $4.88 million, a PE ratio of 25.65 and a beta of 1.44.

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. VERS was launched on Mar 15, 2022 and is managed by ProShares.