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

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 1,635 shares, a drop of 20.1% from the November 30th total of 2,046 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 798 shares, the short-interest ratio is currently 2.0 days. Based on an average daily volume of 798 shares, the short-interest ratio is currently 2.0 days. Currently, 0.8% of the shares of the company are sold short.

iShares Future Metaverse Tech and Communications ETF Trading Down 1.1%

Shares of iShares Future Metaverse Tech and Communications ETF stock opened at $34.42 on Friday. The firm’s 50 day simple moving average is $37.70 and its two-hundred day simple moving average is $39.33. The firm has a market capitalization of $6.88 million, a price-to-earnings ratio of 29.81 and a beta of 0.96. iShares Future Metaverse Tech and Communications ETF has a 12-month low of $28.35 and a 12-month high of $43.12.

About iShares Future Metaverse Tech and Communications ETF

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.