Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Down 72.5% in December

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 726 shares, a decrease of 72.5% from the December 15th total of 2,643 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,402 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 5,402 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Fidelity Metaverse ETF

An institutional investor recently raised its position in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. raised its position in Fidelity Metaverse ETF (NASDAQ:FMET) by 11.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 quarter.

Fidelity Metaverse ETF Trading Down 1.0%

Shares of NASDAQ:FMET traded down $0.36 during trading on Wednesday, reaching $36.17. The company had a trading volume of 2,236 shares, compared to its average volume of 7,515. The company has a fifty day moving average of $36.21 and a two-hundred day moving average of $36.26. The stock has a market capitalization of $50.64 million, a P/E ratio of 23.47 and a beta of 1.13. Fidelity Metaverse ETF has a 12 month low of $23.85 and a 12 month high of $39.44.

Fidelity Metaverse ETF Increases Dividend

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

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.