Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,350 shares, an increase of 641.3% from the April 30th total of 317 shares. Based on an average daily volume of 3,755 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its position in shares of Fidelity Metaverse ETF by 11.5% in the 3rd 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 during the period. Jane Street Group LLC raised its position in shares of 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 acquiring an additional 2,113 shares during the period. Osaic Holdings Inc. raised its position in shares of Fidelity Metaverse ETF by 252.9% in the 4th quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock valued at $143,000 after acquiring an additional 2,837 shares during the period. Finally, High Point Wealth Management LLC acquired a new stake in shares of Fidelity Metaverse ETF in the 4th quarter valued at approximately $288,000.

Fidelity Metaverse ETF Trading Up 0.5%

Fidelity Metaverse ETF stock opened at $39.60 on Friday. Fidelity Metaverse ETF has a 1 year low of $30.14 and a 1 year high of $39.81. The company has a market cap of $51.48 million, a PE ratio of 23.47 and a beta of 1.18. The company’s 50-day moving average is $35.11 and its two-hundred day moving average is $35.15.

Fidelity Metaverse ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were given a dividend of $0.056 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, March 20th. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.04.

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.