Roundhill Ball Metaverse ETF (NYSEARCA:METV) Short Interest Up 304.4% in June

Roundhill Ball Metaverse ETF (NYSEARCA:METV) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 95,069 shares, an increase of 304.4% from the May 31st total of 23,511 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 53,272 shares, the days-to-cover ratio is presently 1.8 days.

Roundhill Ball Metaverse ETF Stock Up 0.9%

Shares of METV traded up $0.15 on Friday, hitting $17.68. 63,514 shares of the stock traded hands, compared to its average volume of 65,242. The firm has a market capitalization of $227.72 million, a P/E ratio of 26.20 and a beta of 1.42. The stock’s 50 day moving average is $18.41 and its two-hundred day moving average is $17.86. Roundhill Ball Metaverse ETF has a 1 year low of $15.16 and a 1 year high of $21.41.

Institutional Trading of Roundhill Ball Metaverse ETF

A number of hedge funds have recently added to or reduced their stakes in METV. Marshall Wace LLP acquired a new stake in Roundhill Ball Metaverse ETF during the 2nd quarter worth approximately $244,000. JPMorgan Chase & Co. increased its holdings in Roundhill Ball Metaverse ETF by 2,778.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock valued at $335,000 after purchasing an additional 15,698 shares in the last quarter. Finally, GM Advisory Group LLC raised its position 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 purchasing 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.