First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Up 10.0% in March

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,100 shares, a growth of 10.0% from the March 15th total of 1,000 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 3.7 days.

First Trust Indxx Metaverse ETF Price Performance

ARVR traded up $0.03 during trading on Tuesday, reaching $34.14. The company had a trading volume of 121 shares, compared to its average volume of 413. The company has a market cap of $1.71 million, a P/E ratio of 17.42 and a beta of -1.30. First Trust Indxx Metaverse ETF has a 12 month low of $27.52 and a 12 month high of $36.44. The business’s fifty day moving average price is $35.39 and its 200 day moving average price is $33.44.

Institutional Investors Weigh In On First Trust Indxx Metaverse ETF

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. SRS Capital Advisors Inc. boosted its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 31.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,494 shares of the company’s stock after purchasing an additional 594 shares during the period. SRS Capital Advisors Inc. owned about 4.99% of First Trust Indxx Metaverse ETF worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

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.