Short Interest in iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Drops By 72.7%

iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 94 shares, a drop of 72.7% from the June 15th total of 344 shares. Based on an average trading volume of 60 shares, the short-interest ratio is presently 1.6 days. Currently, 0.0% of the company’s shares are short sold.

iShares Future Metaverse Tech and Communications ETF Stock Up 0.3%

IVRS traded up $0.11 on Friday, hitting $32.48. The company had a trading volume of 54 shares, compared to its average volume of 737. The business’s fifty day simple moving average is $32.24 and its 200 day simple moving average is $32.00. iShares Future Metaverse Tech and Communications ETF has a 12-month low of $27.43 and a 12-month high of $43.12. The company has a market cap of $8.12 million, a PE ratio of 29.81 and a beta of 1.06.

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.