Roundhill Ball Metaverse ETF (NYSEARCA:METV) Shares Up 0.9% – Should You Buy?

Roundhill Ball Metaverse ETF (NYSEARCA:METV)’s stock price shot up 0.9% during trading on Thursday . The company traded as high as $14.67 and last traded at $14.51. 145,952 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 211,349 shares. The stock had previously closed at $14.38.

Roundhill Ball Metaverse ETF Stock Up 1.9 %

The firm’s 50 day simple moving average is $14.40 and its two-hundred day simple moving average is $13.49. The stock has a market capitalization of $496.20 million, a P/E ratio of 31.11 and a beta of 1.56.

Institutional Trading of Roundhill Ball Metaverse ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in Roundhill Ball Metaverse ETF in the third quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Roundhill Ball Metaverse ETF during the second quarter worth approximately $112,000. Finally, Flow Traders U.S. LLC lifted its holdings in shares of Roundhill Ball Metaverse ETF by 521.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 85,484 shares of the company’s stock worth $1,153,000 after purchasing an additional 71,722 shares in the last quarter.

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.