Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Grows By 142.2%

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 201 shares, an increase of 142.2% from the June 30th total of 83 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,922 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Fidelity Metaverse ETF

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

Fidelity Metaverse ETF Price Performance

Shares of NASDAQ FMET opened at $36.85 on Tuesday. The business has a fifty day moving average price of $37.48 and a two-hundred day moving average price of $35.47. The stock has a market capitalization of $44.22 million, a PE ratio of 23.47 and a beta of 1.21. Fidelity Metaverse ETF has a fifty-two week low of $30.14 and a fifty-two week high of $40.25.

Fidelity Metaverse ETF Increases Dividend

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

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.