Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Down 86.9% in June

Fidelity Metaverse ETF (NASDAQ:FMET) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 238 shares, a drop of 86.9% from the May 31st total of 1,822 shares. Based on an average trading volume of 4,476 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FMET. Osaic Holdings Inc. boosted its position 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 valued at $143,000 after purchasing an additional 2,837 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Fidelity Metaverse ETF by 11.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock valued at $281,000 after acquiring an additional 765 shares in the last quarter. High Point Wealth Management LLC purchased a new position in Fidelity Metaverse ETF during the fourth quarter worth about $288,000. Finally, Jane Street Group LLC boosted its stake in shares of Fidelity Metaverse ETF by 28.4% in the 4th quarter. Jane Street Group LLC now owns 9,557 shares of the company’s stock worth $345,000 after buying an additional 2,113 shares during the last quarter.

Fidelity Metaverse ETF Trading Up 0.5%

Shares of NASDAQ:FMET traded up $0.16 during trading on Friday, reaching $35.63. 1,238 shares of the stock were exchanged, compared to its average volume of 4,769. Fidelity Metaverse ETF has a 12 month low of $30.14 and a 12 month high of $40.25. The firm has a market cap of $46.32 million, a PE ratio of 23.47 and a beta of 1.19. The stock has a 50-day moving average price of $37.34 and a 200-day moving average price of $35.38.

Fidelity Metaverse ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were given a $0.067 dividend. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.06. This represents a $0.27 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, June 18th.

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.