iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Short Interest Down 20.1% in December

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,635 shares, a drop of 20.1% from the November 30th total of 2,046 shares. Based on an average daily volume of 798 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 798 shares, the days-to-cover ratio is presently 2.0 days.

iShares Future Metaverse Tech and Communications ETF Trading Down 1.1%

Shares of NYSEARCA IVRS traded down $0.37 during midday trading on Wednesday, hitting $34.42. The company’s stock had a trading volume of 117 shares, compared to its average volume of 478. The business’s 50 day moving average is $37.83 and its two-hundred day moving average is $39.36. iShares Future Metaverse Tech and Communications ETF has a 12-month low of $28.35 and a 12-month high of $43.12. The firm has a market cap of $6.88 million, a P/E ratio of 29.81 and a beta of 0.96.

iShares Future Metaverse Tech and Communications ETF Company Profile

The iShares Future Metaverse Tech and Communications ETF (IVRS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of equity securities from around the world that are expected to contribute to the metaverse. IVRS was launched on Feb 14, 2023 and is managed by BlackRock.