First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Down 78.9% in December

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

First Trust Indxx Metaverse ETF Stock Performance

Shares of First Trust Indxx Metaverse ETF stock opened at $49.06 on Thursday. First Trust Indxx Metaverse ETF has a fifty-two week low of $33.09 and a fifty-two week high of $52.06. The company has a market capitalization of $2.45 million, a P/E ratio of 29.06 and a beta of 1.18. The company has a fifty day moving average of $49.56 and a 200 day moving average of $48.44.

First Trust Indxx Metaverse ETF Dividend Announcement

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. Envestnet Asset Management Inc. raised its stake in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 27.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,887 shares of the company’s stock after buying an additional 2,364 shares during the quarter. Envestnet Asset Management Inc. owned about 21.77% of First Trust Indxx Metaverse ETF worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

First Trust Indxx Metaverse ETF Company Profile

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.