Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 201 shares, an increase of 142.2% from the June 30th total of 83 shares. Based on an average trading volume of 1,922 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Fidelity Metaverse ETF Stock Performance

Shares of Fidelity Metaverse ETF stock opened at $36.85 on Tuesday. The stock has a market capitalization of $44.22 million, a P/E ratio of 23.47 and a beta of 1.21. Fidelity Metaverse ETF has a 52-week low of $30.14 and a 52-week high of $40.25. The stock’s 50-day simple moving average is $37.48 and its 200 day simple moving average is $35.47.

Fidelity Metaverse ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were given a dividend of $0.067 per share. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, June 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FMET. Osaic Holdings Inc. increased its holdings in shares of Fidelity Metaverse ETF by 252.9% in the fourth quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock worth $143,000 after purchasing an additional 2,837 shares during the period. Envestnet Asset Management Inc. increased its stake in Fidelity Metaverse ETF by 11.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock worth $281,000 after acquiring an additional 765 shares during the last quarter. High Point Wealth Management LLC purchased a new stake in shares of Fidelity Metaverse ETF in the 4th quarter valued at about $288,000. Finally, Jane Street Group LLC boosted its position in shares of Fidelity Metaverse ETF by 28.4% during the 4th quarter. Jane Street Group LLC now owns 9,557 shares of the company’s stock valued at $345,000 after acquiring an additional 2,113 shares during the last quarter.

About Fidelity Metaverse ETF

The Fidelity Metaverse ETF (FMET) is an exchange-traded fund that is based on the Fidelity Metaverse index. The fund tracks a market cap-weighted index of equities that provides global exposure to the future state of the internet: the metaverse. FMET was launched on Apr 19, 2022 and is managed by Fidelity.