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The price of iShares Future Metaverse Tech and Communications ETF (IVRS) experienced a slight 0.1% decrease in mid-day trading on Monday. Trading activity saw the stock reach a low of $34.14 before settling at $34.31, with only 104 shares changing hands, a significant drop from the usual daily volume of 473 shares. The previous closing price stood at $34.36.
Market Cap and Performance Metrics
IVRS boasts a market capitalization of $6.86 million, a price-to-earnings ratio of 31.97, and a beta of 1.32. Its 50-day and 200-day simple moving averages are $32.50 and $32.49, respectively.
The iShares Future Metaverse Tech and Communications ETF (IVRS) is an exchange-traded fund that primarily invests in stocks aligned with the metaverse theme. The fund tracks a global index of equity securities expected to play a significant role in the metaverse. Launched on February 14, 2023, IVRS is managed by BlackRock.
Future Outlook and Analysis
Given the evolving landscape of technology and communication sectors, IVRS presents an intriguing investment opportunity for those interested in the metaverse segment.
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