Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,066 shares, a growth of 415.2% from the January 29th total of 401 shares. Based on an average daily volume of 6,451 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 6,451 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Fidelity Metaverse ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. grew its position in shares of 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 purchasing an additional 2,837 shares during the period. Envestnet Asset Management Inc. grew 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 purchasing an additional 765 shares during the period. High Point Wealth Management LLC purchased a new position in Fidelity Metaverse ETF during the fourth quarter worth approximately $288,000. Finally, Jane Street Group LLC grew its stake 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 buying an additional 2,113 shares during the period.

Fidelity Metaverse ETF Stock Performance

FMET traded down $0.56 during trading on Friday, reaching $33.27. The company’s stock had a trading volume of 4,755 shares, compared to its average volume of 5,971. The company has a market capitalization of $46.58 million, a price-to-earnings ratio of 23.47 and a beta of 1.13. The company’s fifty day moving average price is $35.29 and its 200-day moving average price is $36.26. Fidelity Metaverse ETF has a 52-week low of $23.85 and a 52-week high of $39.44.

Fidelity Metaverse ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were given a $0.039 dividend. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, December 19th.

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.