Fidelity Metaverse ETF (NASDAQ:FMET) Stock Short Interest Report for September

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 386 shares, an increase of 224.4% from the September 15th total of 119 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 3,467 shares, the days-to-cover ratio is presently 0.1 days.

Fidelity Metaverse ETF Price Performance

NASDAQ:FMET traded up $0.24 during trading hours on Tuesday, hitting $39.70. The company’s stock had a trading volume of 359 shares, compared to its average volume of 4,066. The company has a market capitalization of $43.67 million, a P/E ratio of 23.47 and a beta of 1.20. The stock has a fifty day simple moving average of $38.84 and a 200-day simple moving average of $37.22. Fidelity Metaverse ETF has a twelve month low of $30.14 and a twelve month high of $40.25.

Fidelity Metaverse ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were issued a dividend of $0.1080 per share. This represents a $0.43 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, September 18th. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.0670.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC boosted its stake in Fidelity Metaverse ETF by 47.3% during the 2nd quarter. Citadel Advisors LLC now owns 68,382 shares of the company’s stock valued at $2,516,000 after purchasing an additional 21,950 shares during the last quarter. Community Bank & Trust Waco Texas purchased a new stake in shares of Fidelity Metaverse ETF during the 2nd quarter valued at $197,000. Nwam LLC bought a new stake in Fidelity Metaverse ETF in the second quarter worth about $188,000. Finally, Trust Co. of Vermont purchased a new position in Fidelity Metaverse ETF in the second quarter valued at approximately $121,000.

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.