Shares of ProShares Metaverse ETF (NYSEARCA:VERS – Get Free Report) traded down 2.1% on Friday . The company traded as low as $37.66 and last traded at $37.66. 162 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,019 shares. The stock had previously closed at $38.46.
ProShares Metaverse ETF Trading Down 2.1 %
The stock has a 50 day moving average price of $41.23 and a two-hundred day moving average price of $39.61. The company has a market cap of $4.90 million, a price-to-earnings ratio of 27.52 and a beta of 1.63.
Institutional Trading of ProShares Metaverse ETF
Several hedge funds have recently added to or reduced their stakes in VERS. Goldman Sachs Group Inc. acquired a new stake in ProShares Metaverse ETF during the 1st quarter worth $1,343,000. Gradient Investments LLC raised its stake in shares of ProShares Metaverse ETF by 115.5% in the 4th quarter. Gradient Investments LLC now owns 38,600 shares of the company’s stock valued at $1,632,000 after purchasing an additional 20,686 shares during the period. UBS Group AG acquired a new stake in shares of ProShares Metaverse ETF in the 1st quarter valued at about $895,000. Citadel Advisors LLC acquired a new stake in shares of ProShares Metaverse ETF in the 2nd quarter valued at about $257,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of ProShares Metaverse ETF by 23.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 11,334 shares of the company’s stock valued at $398,000 after purchasing an additional 2,127 shares during the period.
About ProShares Metaverse ETF
The ProShares Metaverse ETF (VERS) is an exchange-traded fund that is based on the Solactive Metaverse Theme index. The fund tracks a concentrated index of stocks, spanning a broad range of industries globally, that are positioned to benefit from the development and use of the Metaverse. Stocks are selected based on the amount of exposure to the related theme and weighted based on a modified equal weight strategy.
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