Roundhill Ball Metaverse ETF (NYSEARCA:METV – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 182,249 shares, a growth of 860.4% from the August 15th total of 18,976 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 77,372 shares, the short-interest ratio is currently 2.4 days.
Roundhill Ball Metaverse ETF Stock Up 1.8%
Shares of NYSEARCA:METV traded up $0.36 during midday trading on Friday, reaching $20.52. The company’s stock had a trading volume of 25,067 shares, compared to its average volume of 59,695. The stock has a fifty day moving average of $19.37 and a 200 day moving average of $18.20. Roundhill Ball Metaverse ETF has a twelve month low of $15.16 and a twelve month high of $21.41. The firm has a market capitalization of $234.54 million, a PE ratio of 26.20 and a beta of 1.44.
Institutional Investors Weigh In On Roundhill Ball Metaverse ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new position in shares of Roundhill Ball Metaverse ETF during the 2nd quarter valued at about $244,000. JPMorgan Chase & Co. lifted its holdings in Roundhill Ball Metaverse ETF by 2,778.4% in the third quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock valued at $335,000 after acquiring an additional 15,698 shares during the period. Finally, GM Advisory Group LLC lifted its holdings in Roundhill Ball Metaverse ETF by 1.6% in the fourth quarter. GM Advisory Group LLC now owns 166,602 shares of the company’s stock valued at $3,129,000 after acquiring an additional 2,650 shares during the period.
Roundhill Ball Metaverse ETF Company Profile
The Roundhill Ball Metaverse ETF (METV) is an exchange-traded fund that is based on the Ball Metaverse index. The fund is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet. Stocks are selected by a committee and weighted in tiers. METV was launched on Jun 30, 2021 and is managed by Roundhill.
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