Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Up 66.2% in July

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 334 shares, an increase of 66.2% from the July 15th total of 201 shares. Based on an average daily trading volume, of 2,948 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Fidelity Metaverse ETF Stock Down 1.0%

Shares of FMET opened at $38.50 on Wednesday. Fidelity Metaverse ETF has a 12-month low of $30.14 and a 12-month high of $40.25. The firm has a market capitalization of $46.20 million, a price-to-earnings ratio of 23.47 and a beta of 1.20. The stock’s 50-day moving average price is $37.34 and its 200 day moving average price is $35.69.

Fidelity Metaverse ETF Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Trust Co. of Vermont acquired a new stake in Fidelity Metaverse ETF during the second quarter worth $121,000. Osaic Holdings Inc. lifted its holdings in shares of Fidelity Metaverse ETF by 252.9% during the 4th quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock worth $143,000 after acquiring an additional 2,837 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity Metaverse ETF by 11.5% during 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 period. High Point Wealth Management LLC bought a new position in shares of Fidelity Metaverse ETF during the 4th quarter worth 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 in 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.