iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) Trading Down 3.5% – Here’s Why

Shares of iShares Future Metaverse Tech and Communications ETF (NYSEARCA:IVRS) were down 3.5% during trading on Wednesday . The stock traded as low as $33.30 and last traded at $33.30. Approximately 156 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 468 shares. The stock had previously closed at $34.49.

iShares Future Metaverse Tech and Communications ETF Stock Down 3.5 %

The stock has a fifty day simple moving average of $35.04 and a 200-day simple moving average of $33.59. The company has a market capitalization of $6.66 million, a P/E ratio of 31.97 and a beta of 1.32.

iShares Future Metaverse Tech and Communications ETF Company Profile

The iShares Future Metaverse Tech and Communications ETF (IVRS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of equity securities from around the world that are expected to contribute to the metaverse. IVRS was launched on Feb 14, 2023 and is managed by BlackRock.