Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Declines By 65.1%

Fidelity Metaverse ETF (NASDAQ:FMET) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 83 shares, a decline of 65.1% from the June 15th total of 238 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,267 shares, the days-to-cover ratio is presently 0.0 days.

Fidelity Metaverse ETF Stock Performance

FMET traded down $0.25 during midday trading on Tuesday, hitting $37.19. The stock had a trading volume of 2,981 shares, compared to its average volume of 4,568. Fidelity Metaverse ETF has a 1 year low of $30.14 and a 1 year high of $40.25. The business has a fifty day moving average of $37.67 and a 200 day moving average of $35.44. The company has a market cap of $44.63 million, a P/E ratio of 23.47 and a beta of 1.21.

Fidelity Metaverse ETF Increases Dividend

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

Hedge Funds Weigh In On Fidelity Metaverse ETF

Large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in Fidelity Metaverse ETF by 252.9% in the fourth quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock worth $143,000 after purchasing an additional 2,837 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Metaverse ETF by 11.5% in the third quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock worth $281,000 after buying an additional 765 shares during the period. High Point Wealth Management LLC purchased a new position in shares of Fidelity Metaverse ETF in the fourth quarter worth about $288,000. Finally, Jane Street Group LLC lifted 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 valued at $345,000 after acquiring an additional 2,113 shares during 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.