Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Expands By 40,000.0%

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 401 shares, a growth of 40,000.0% from the January 15th total of 1 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,704 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 4,704 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity Metaverse ETF

An institutional investor recently raised its position in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. grew its stake in Fidelity Metaverse ETF (NASDAQ:FMET) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,426 shares of the company’s stock after purchasing an additional 765 shares during the period. Envestnet Asset Management Inc. owned about 0.57% of Fidelity Metaverse ETF worth $281,000 at the end of the most recent quarter.

Fidelity Metaverse ETF Stock Down 0.0%

Shares of Fidelity Metaverse ETF stock traded down $0.01 on Tuesday, reaching $34.58. The stock had a trading volume of 5,593 shares, compared to its average volume of 6,351. The stock has a market capitalization of $48.41 million, a P/E ratio of 23.47 and a beta of 1.13. The company has a 50 day moving average price of $36.05 and a 200 day moving average price of $36.43. Fidelity Metaverse ETF has a 1 year low of $23.85 and a 1 year high of $39.44.

Fidelity Metaverse ETF Increases Dividend

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

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.