ProShares Metaverse ETF (NYSEARCA:VERS) Sees Significant Drop in Short Interest

ProShares Metaverse ETF (NYSEARCA:VERS) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 207 shares, a drop of 49.4% from the December 31st total of 409 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 86 shares, the days-to-cover ratio is currently 2.4 days. Based on an average trading volume of 86 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.2% of the shares of the company are short sold.

ProShares Metaverse ETF Trading Down 0.4%

VERS stock opened at $61.83 on Thursday. The stock’s 50 day simple moving average is $61.77 and its 200 day simple moving average is $60.11. ProShares Metaverse ETF has a 12-month low of $38.98 and a 12-month high of $66.05. The firm has a market cap of $5.56 million, a P/E 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.