Short Interest in ProShares Metaverse ETF (NYSEARCA:VERS) Expands By 217.9%

ProShares Metaverse ETF (NYSEARCA:VERS) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 658 shares, a growth of 217.9% from the January 15th total of 207 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 276 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily trading volume, of 276 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.7% of the company’s stock are sold short.

ProShares Metaverse ETF Stock Performance

Shares of VERS traded down $0.30 during trading hours on Wednesday, hitting $57.68. 714 shares of the company were exchanged, compared to its average volume of 212. The firm’s 50 day moving average is $61.52 and its 200-day moving average is $60.30. 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 $5.19 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.