Key stats
About ProShares Trust ProShares Metaverse ETF
Expense ratio
0.58%
Home page
Inception date
Mar 15, 2022
VERS provides targeted exposure to companies leading further development of the internet. The next generation of the internet is referred to as the Metaverse and is expected to increase digital interactions. Companies involved in this expansion of the internet span from device makers to data processers, technologies for virtual and augmented reality, social media, gaming, and other platforms. The index provider uses an automated scan of company filings and public information to identify stocks contributing to the Metaverse. Stocks without significant exposure to the theme are excluded. The remaining companies are scored and ranked based on the amount of their exposure to the Metaverse. The top 40 highest scoring companies are included in the index. Holdings are equally weighted, with additional weight going to the top 10 names by market-cap. The index is reconstituted and rebalanced semi-annually in June and December.
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Stock breakdown by region