iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Sees Large Drop in Short Interest

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 94 shares, a decline of 72.7% from the June 15th total of 344 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 60 shares, the days-to-cover ratio is currently 1.6 days.

iShares Future Metaverse Tech and Communications ETF Price Performance

Shares of iShares Future Metaverse Tech and Communications ETF stock remained flat at $32.00 on Tuesday. The company’s stock had a trading volume of 3,329 shares, compared to its average volume of 757. The business has a 50 day moving average price of $32.26 and a 200-day moving average price of $31.98. The firm has a market cap of $8 million, a P/E ratio of 29.81 and a beta of 1.06. iShares Future Metaverse Tech and Communications ETF has a 52-week low of $27.43 and a 52-week high of $43.12.

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.