ARVR Stock Summary and Trading Ideas (First Trust Indxx Metaverse ETF | NASDAQ:ARVR)

The First Trust Indxx Metaverse ETF (the "Fund") seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx Global Metaverse Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks and depositary receipts that comprise the Index.

First Trust Indxx Metaverse ETF trades on the NASDAQ stock market under the symbol ARVR.

As of November 7, 2024, ARVR stock price was flat at $38.64 with million shares trading.

ARVR has a market cap of $3.96 million. This is considered a Sub-Micro Cap stock.

ARVR has underperformed the market in the last year with a return of +25.8%, while SPY returned +37.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ARVR shares. However, ARVR has outperformed the market in the last 3 month and 2 week periods, returning +16.7% and +3.7%, while SPY returned +15.2% and +2.8%, respectively. This indicates ARVR has been having a stronger performance recently.

ARVR support price is $38.25 and resistance is $39.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARVR shares will trade within this expected range on the day.