Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Down 14.6% in March

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 525 shares, a drop of 14.6% from the March 15th total of 615 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,660 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Fidelity Metaverse ETF

Large investors have recently made changes to their positions in the company. 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 worth $345,000 after acquiring an additional 2,113 shares in the last quarter. Envestnet Asset Management Inc. lifted 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 valued at $281,000 after purchasing an additional 765 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Fidelity Metaverse ETF by 252.9% in the 4th quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock valued at $143,000 after purchasing an additional 2,837 shares during the last quarter. Finally, High Point Wealth Management LLC bought a new position in Fidelity Metaverse ETF in the 4th quarter valued at approximately $288,000.

Fidelity Metaverse ETF Stock Performance

Shares of NASDAQ FMET traded up $0.44 during trading hours on Friday, hitting $35.56. 4,857 shares of the stock were exchanged, compared to its average volume of 5,120. The company has a market cap of $46.23 million, a PE ratio of 23.47 and a beta of 1.14. The company’s fifty day simple moving average is $32.74 and its two-hundred day simple moving average is $35.30. Fidelity Metaverse ETF has a 1-year low of $25.63 and a 1-year high of $39.44.

Fidelity Metaverse ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were given a dividend of $0.056 per share. The ex-dividend date was Friday, March 20th. This represents a $0.22 annualized dividend and a dividend yield of 0.6%. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.04.

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.