Roundhill Ball Metaverse ETF (NYSEARCA:METV) Sees Significant Increase in Short Interest

Roundhill Ball Metaverse ETF (NYSEARCA:METV) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 22,104 shares, a growth of 104.7% from the November 30th total of 10,798 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 62,396 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 62,396 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Roundhill Ball Metaverse ETF Price Performance

Shares of METV stock traded up $0.04 during trading hours on Friday, reaching $18.91. 192,648 shares of the stock were exchanged, compared to its average volume of 147,004. The business’s fifty day moving average is $19.55 and its two-hundred day moving average is $19.08. The firm has a market capitalization of $295.37 million, a P/E ratio of 26.20 and a beta of 1.43. Roundhill Ball Metaverse ETF has a 12-month low of $11.43 and a 12-month high of $21.41.

Institutional Investors Weigh In On Roundhill Ball Metaverse ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP acquired a new position in shares of Roundhill Ball Metaverse ETF during the second quarter worth $244,000. JPMorgan Chase & Co. lifted its holdings in Roundhill Ball Metaverse ETF by 2,778.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock worth $335,000 after buying an additional 15,698 shares during the last quarter. OLD Mission Capital LLC acquired a new position in shares of Roundhill Ball Metaverse ETF during the 1st quarter worth about $880,000. Q3 Asset Management acquired a new position in shares of Roundhill Ball Metaverse ETF during the 3rd quarter worth about $1,045,000. Finally, Leavell Investment Management Inc. purchased a new position in shares of Roundhill Ball Metaverse ETF in the 2nd quarter valued at about $2,464,000.

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.