ProShares Metaverse ETF (NYSEARCA:VERS) Stock Price Up 0.9%

ProShares Metaverse ETF (NYSEARCA:VERS) shares rose 0.9% on Wednesday . The company traded as high as $43.66 and last traded at $43.66. Approximately 338 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,463 shares. The stock had previously closed at $43.25.

ProShares Metaverse ETF Stock Up 0.9 %

The firm has a market cap of $6.11 million, a PE ratio of 27.16 and a beta of 1.66. The stock’s fifty day simple moving average is $41.53 and its two-hundred day simple moving average is $41.49.

Institutional Investors Weigh In On ProShares Metaverse ETF

A hedge fund recently raised its stake in ProShares Metaverse ETF stock. Gradient Investments LLC grew its position in shares of ProShares Metaverse ETF (NYSEARCA:VERS) by 115.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,600 shares of the company’s stock after buying an additional 20,686 shares during the quarter. Gradient Investments LLC owned 22.71% of ProShares Metaverse ETF worth $1,632,000 as of its most recent filing with the Securities & Exchange Commission.

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.