iBET Sports Betting & Gaming ETF (NYSEARCA:IBET) Trading Down 1.4%

iBET Sports Betting & Gaming ETF (NYSEARCA:IBET – Get Rating)’s stock price traded down 1.4% during trading on Friday . The company traded as low as $9.51 and last traded at $9.51. 67 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,692 shares. The stock had previously closed at $9.65.

iBET Sports Betting & Gaming ETF Stock Down 1.4 %

The company has a market cap of $1.33 million, a P/E ratio of 11.93 and a beta of 1.33. The stock’s 50-day moving average price is $10.01 and its 200 day moving average price is $9.24.

Hedge Funds Weigh In On iBET Sports Betting & Gaming ETF

An institutional investor recently bought a new position in iBET Sports Betting & Gaming ETF stock. Jane Street Group LLC bought a new position in shares of iBET Sports Betting & Gaming ETF (NYSEARCA:IBET – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,210 shares of the company’s stock, valued at approximately $171,000. Jane Street Group LLC owned 13.72% of iBET Sports Betting & Gaming ETF at the end of the most recent quarter.

About iBET Sports Betting & Gaming ETF

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The iBET Sports Betting & Gaming ETF (IBET) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund is an actively managed fund that invests in global companies engaged in sports betting and gaming activities, including esports and iGaming. IBET was launched on Nov 16, 2021 and is managed by Inherent.