Roundhill Ball Metaverse ETF (NYSEARCA:METV) Short Interest Up 860.4% in August

Roundhill Ball Metaverse ETF (NYSEARCA:METV) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 182,249 shares, an increase of 860.4% from the August 15th total of 18,976 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 77,372 shares, the short-interest ratio is presently 2.4 days.

Roundhill Ball Metaverse ETF Price Performance

Shares of NYSEARCA METV traded up $0.43 during trading on Friday, hitting $20.59. 21,591 shares of the company were exchanged, compared to its average volume of 59,675. Roundhill Ball Metaverse ETF has a 1 year low of $15.16 and a 1 year high of $21.41. The company has a market cap of $235.40 million, a price-to-earnings ratio of 26.20 and a beta of 1.44. The firm’s fifty day moving average price is $19.33 and its 200 day moving average price is $18.18.

Institutional Trading of Roundhill Ball Metaverse ETF

A number of large investors have recently made changes to their positions in the stock. GM Advisory Group LLC raised its stake in Roundhill Ball Metaverse ETF by 0.6% in the 1st quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock valued at $2,671,000 after purchasing an additional 1,045 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Roundhill Ball Metaverse ETF by 2,778.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock valued at $335,000 after acquiring an additional 15,698 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Roundhill Ball Metaverse ETF during the 2nd quarter worth $244,000.

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.