ProShares Metaverse ETF (NYSEARCA:VERS) Shares Down 1.8% – Should You Sell?

Shares of ProShares Metaverse ETF (NYSEARCA:VERS) dropped 1.8% during trading on Tuesday . The stock traded as low as $51.98 and last traded at $51.98. Approximately 488 shares traded hands during trading, an increase of 24% from the average daily volume of 394 shares. The stock had previously closed at $52.91.

ProShares Metaverse ETF Stock Down 1.8 %

The firm has a market capitalization of $6.24 million, a price-to-earnings ratio of 23.63 and a beta of 1.42. The stock has a 50 day moving average of $52.86 and a 200 day moving average of $47.36.

Institutional Investors 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 SEC. The institutional investor owned 14,278 shares of the company’s stock after purchasing 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 SEC.

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.