ProShares Metaverse ETF (NYSEARCA:VERS) Sees Large Decrease in Short Interest

ProShares Metaverse ETF (NYSEARCA:VERS) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 185 shares, a decline of 39.7% from the May 31st total of 307 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 629 shares, the short-interest ratio is presently 0.3 days.

ProShares Metaverse ETF Price Performance

Shares of VERS remained flat at $72.55 during trading hours on Friday. 66 shares of the stock were exchanged, compared to its average volume of 313. The stock has a market cap of $6.53 million, a P/E ratio of 25.65 and a beta of 1.59. ProShares Metaverse ETF has a 52-week low of $50.55 and a 52-week high of $84.91. The firm has a 50 day moving average price of $74.87 and a two-hundred day moving average price of $64.21.

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.