ProShares Metaverse ETF (NYSEARCA:VERS) Shares Up 1% – Still a Buy?

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

ProShares Metaverse ETF Trading Up 0.7 %

The company has a market cap of $5.32 million, a PE ratio of 20.21 and a beta of 1.43. The firm has a 50 day moving average of $52.08 and a two-hundred day moving average of $48.09.

Institutional Investors Weigh In On ProShares Metaverse ETF

A hedge fund recently raised its stake in ProShares Metaverse ETF stock. Tower Research Capital LLC TRC grew its position in shares of ProShares Metaverse ETF (NYSEARCA:VERS) by 63.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,278 shares of the company’s stock after buying an additional 5,526 shares during the quarter. Tower Research Capital LLC TRC owned 10.20% of ProShares Metaverse ETF worth $701,000 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.