First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Update

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 762 shares, a decrease of 78.9% from the November 30th total of 3,609 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 639 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 639 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC grew its stake in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,814 shares of the company’s stock after purchasing an additional 3,758 shares during the period. Jane Street Group LLC owned about 29.63% of First Trust Indxx Metaverse ETF worth $564,000 at the end of the most recent quarter.

First Trust Indxx Metaverse ETF Price Performance

NASDAQ ARVR opened at $49.06 on Friday. First Trust Indxx Metaverse ETF has a 1 year low of $33.09 and a 1 year high of $52.06. The company has a market capitalization of $2.45 million, a PE ratio of 29.06 and a beta of 1.18. The company has a fifty day moving average of $49.53 and a 200 day moving average of $48.45.

First Trust Indxx Metaverse ETF Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.26 dividend. The ex-dividend date is Friday, December 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.1%.

About First Trust Indxx Metaverse ETF

The First Trust Indxx Metaverse ETF (ARVR) is an exchange-traded fund that is based on the Indxx Metaverse index. The fund tracks a modified equal-weighted index of stocks, spanning a broad range of industries globally, that are involved in business activities associated with the Metaverse. ARVR was launched on Apr 19, 2022 and is managed by First Trust.