Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Up 96.9% in December

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 2,643 shares, an increase of 96.9% from the November 30th total of 1,342 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 6,164 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 6,164 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. increased its stake in Fidelity Metaverse ETF (NASDAQ:FMET) by 11.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,426 shares of the company’s stock after acquiring an additional 765 shares during the quarter. Envestnet Asset Management Inc. owned about 0.57% of Fidelity Metaverse ETF worth $281,000 at the end of the most recent reporting period.

Fidelity Metaverse ETF Stock Performance

Shares of NASDAQ:FMET traded up $0.01 during midday trading on Friday, reaching $36.40. 3,633 shares of the company’s stock were exchanged, compared to its average volume of 7,317. Fidelity Metaverse ETF has a 12 month low of $23.85 and a 12 month high of $39.44. The firm has a market capitalization of $47.32 million, a PE ratio of 23.47 and a beta of 1.13. The company’s 50 day simple moving average is $36.69 and its two-hundred day simple moving average is $35.93.

Fidelity Metaverse ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend 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.