ProShares Metaverse ETF (NYSEARCA:VERS - Get Free Report) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 489 shares, an increase of 136.2% from the February 12th total of 207 shares. Approximately 0.5% of the shares of the company are short sold. Based
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CGL Chester Gary Lloyd Coston, McIsaac & Partners | 30 | $1,031.1 | $2,247.6 | $1,216.5 | 117.98% |
| ARCA Exchange | US Country |
The fund focuses on investing primarily in companies involved in developing innovative technologies for the Metaverse. The Metaverse represents a digital universe that includes a future iteration of the internet, consisting of persistent, shared, 3D virtual spaces linked into a perceived virtual universe. By allocating at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics, the fund aims to harness the growth potential of companies that are at the forefront of creating and expanding the Metaverse. This strategic investment allocation underscores the fund's commitment to tapping into the next generation of internet evolution, emphasizing the creation and experience of immersive, digital worlds.
Within the context of the fund's investment focus, several key areas represent the innovative technologies and services around the Metaverse that the fund targets. These include: