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

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 253 shares, a decline of 87.8% from the February 12th total of 2,066 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Fidelity Metaverse ETF

Large investors have recently added to or reduced their stakes in the company. High Point Wealth Management LLC purchased a new stake in Fidelity Metaverse ETF in the 4th quarter worth approximately $288,000. Osaic Holdings Inc. increased its stake in shares of Fidelity Metaverse ETF by 252.9% during the fourth quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock valued at $143,000 after buying an additional 2,837 shares during the period. Jane Street Group LLC raised its holdings in shares of Fidelity Metaverse ETF by 28.4% during the fourth quarter. Jane Street Group LLC now owns 9,557 shares of the company’s stock valued at $345,000 after acquiring an additional 2,113 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Metaverse ETF by 11.5% during the third quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock valued at $281,000 after acquiring an additional 765 shares in the last quarter.

Fidelity Metaverse ETF Stock Down 0.3%

Shares of Fidelity Metaverse ETF stock traded down $0.11 during trading on Thursday, hitting $32.79. 851 shares of the stock traded hands, compared to its average volume of 5,655. The stock has a market cap of $45.91 million, a price-to-earnings ratio of 23.47 and a beta of 1.13. The firm’s fifty day moving average is $34.68 and its 200-day moving average is $36.10. 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 paid a dividend of $0.039 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. 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.