Roundhill Ball Metaverse ETF (NYSEARCA:METV) Sees Large Volume Increase – Time to Buy?

Roundhill Ball Metaverse ETF (NYSEARCA:METV) saw unusually-strong trading volume on Monday . Approximately 141,108 shares traded hands during mid-day trading, an increase of 14% from the previous session’s volume of 123,333 shares.The stock last traded at $14.96 and had previously closed at $15.21.

Roundhill Ball Metaverse ETF Price Performance

The company has a market cap of $502.75 million, a P/E ratio of 31.11 and a beta of 1.56. The stock has a fifty day moving average price of $14.79 and a two-hundred day moving average price of $13.71.

Institutional Investors Weigh In On Roundhill Ball Metaverse ETF

A hedge fund recently raised its stake in Roundhill Ball Metaverse ETF stock. Flow Traders U.S. LLC increased its holdings in shares of Roundhill Ball Metaverse ETF (NYSEARCA:METV) by 521.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,484 shares of the company’s stock after acquiring an additional 71,722 shares during the quarter. Flow Traders U.S. LLC owned approximately 0.25% of Roundhill Ball Metaverse ETF worth $1,153,000 as of its most recent SEC filing.

Roundhill Ball Metaverse ETF Company Profile

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.