Roundhill Ball Metaverse ETF (NYSEARCA:METV) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Roundhill Ball Metaverse ETF (NYSEARCA:METV) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $20.87 and traded as high as $20.96. Roundhill Ball Metaverse ETF shares last traded at $20.88, with a volume of 30,768 shares traded.

Roundhill Ball Metaverse ETF Trading Up 0.6%

The firm has a fifty day simple moving average of $20.87 and a two-hundred day simple moving average of $18.68. The stock has a market cap of $218.82 million, a PE ratio of 26.20 and a beta of 1.45.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Roundhill Ball Metaverse ETF stock. Independent Investors Inc. bought a new position in Roundhill Ball Metaverse ETF (NYSEARCA:METV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the company’s stock, valued at approximately $209,000. Independent Investors Inc. owned 0.10% of Roundhill Ball Metaverse ETF at the end of the most recent reporting period.

About Roundhill Ball Metaverse ETF

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.