ProShares Metaverse ETF (NYSEARCA:VERS) Stock Price Up 1% – What’s Next?

Shares of ProShares Metaverse ETF (NYSEARCA:VERS) shot up 1% during mid-day trading on Wednesday . The stock traded as high as $48.46 and last traded at $48.46. 45 shares changed hands during trading, a decline of 93% from the average session volume of 671 shares. The stock had previously closed at $47.98.

ProShares Metaverse ETF Trading Up 1.0 %

The company has a market capitalization of $5.33 million, a price-to-earnings ratio of 20.21 and a beta of 1.43. The firm has a 50-day moving average price of $52.21 and a 200-day moving average price of $48.09.

Hedge Funds Weigh In On ProShares Metaverse ETF

An institutional investor recently raised its position in ProShares Metaverse ETF stock. Tower Research Capital LLC TRC lifted its holdings in ProShares Metaverse ETF (NYSEARCA:VERS) by 63.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,278 shares of the company’s stock after buying an additional 5,526 shares during the period. Tower Research Capital LLC TRC owned about 10.20% of ProShares Metaverse ETF worth $701,000 as of its most recent SEC filing.

ProShares Metaverse ETF Company Profile

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.