iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Short Interest Up 2,592.7% in May

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRSGet Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,208 shares, a growth of 2,592.7% from the April 30th total of 82 shares. Based on an average daily trading volume, of 630 shares, the days-to-cover ratio is presently 3.5 days. Currently, 0.9% of the company’s shares are sold short.

iShares Future Metaverse Tech and Communications ETF Stock Performance

NYSEARCA:IVRS traded down $0.05 during midday trading on Wednesday, reaching $32.85. 726 shares of the stock traded hands, compared to its average volume of 818. The company has a fifty day moving average of $30.92 and a 200 day moving average of $33.30. iShares Future Metaverse Tech and Communications ETF has a 12 month low of $27.43 and a 12 month high of $43.12. The stock has a market capitalization of $8.21 million, a P/E ratio of 29.81 and a beta of 1.03.

iShares Future Metaverse Tech and Communications ETF Company Profile

(Get Free Report)

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.

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