Fidelity Metaverse ETF (NASDAQ:FMET) Sees Significant Growth in Short Interest

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 2,643 shares, an increase of 96.9% from the November 30th total of 1,342 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 6,164 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 6,164 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Metaverse ETF

An institutional investor recently raised its position in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. lifted its position in Fidelity Metaverse ETF (NASDAQ:FMET) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,426 shares of the company’s stock after acquiring an additional 765 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.57% of Fidelity Metaverse ETF worth $281,000 at the end of the most recent reporting period.

Fidelity Metaverse ETF Trading Up 0.0%

NASDAQ FMET traded up $0.01 during trading hours on Friday, hitting $36.40. The company’s stock had a trading volume of 3,633 shares, compared to its average volume of 7,317. The company has a market capitalization of $47.32 million, a PE ratio of 23.47 and a beta of 1.13. Fidelity Metaverse ETF has a 52 week low of $23.85 and a 52 week high of $39.44. The company’s 50-day simple moving average is $36.69 and its two-hundred day simple moving average is $35.91.

Fidelity Metaverse ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were issued a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, December 19th.

Fidelity Metaverse ETF Company Profile

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.