Fidelity Metaverse ETF (NASDAQ:FMET) Sees Significant Decrease in Short Interest

Fidelity Metaverse ETF (NASDAQ:FMET) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 317 shares, a drop of 36.1% from the April 15th total of 496 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,535 shares, the short-interest ratio is presently 0.1 days.

Fidelity Metaverse ETF Stock Performance

Shares of NASDAQ:FMET traded down $0.35 during midday trading on Monday, reaching $37.07. 5,607 shares of the company’s stock were exchanged, compared to its average volume of 4,759. The firm has a market capitalization of $48.19 million, a PE ratio of 23.47 and a beta of 1.18. Fidelity Metaverse ETF has a 12 month low of $30.08 and a 12 month high of $39.44. The company’s 50 day simple moving average is $33.97 and its two-hundred day simple moving average is $35.10.

Fidelity Metaverse ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were issued a dividend of $0.056 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.22 annualized dividend and a yield of 0.6%. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.04.

Hedge Funds Weigh In On Fidelity Metaverse ETF

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its position in 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 purchasing an additional 2,113 shares during the last quarter. High Point Wealth Management LLC bought a new position in shares of Fidelity Metaverse ETF in the fourth quarter worth about $288,000. Envestnet Asset Management Inc. raised its stake 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 acquiring an additional 765 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake 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 worth $143,000 after acquiring an additional 2,837 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.