Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant 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 shares of the company are sold short. Based on an average daily volume of 6,164 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 6,164 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Fidelity Metaverse ETF Trading Up 0.0%

Shares of NASDAQ FMET traded up $0.01 during midday trading on Friday, hitting $36.40. The company’s stock had a trading volume of 3,633 shares, compared to its average volume of 7,317. The firm has a market capitalization of $47.32 million, a price-to-earnings ratio of 23.47 and a beta of 1.13. The stock has a fifty day moving average price of $36.69 and a 200 day moving average price of $35.91. Fidelity Metaverse ETF has a one year low of $23.85 and a one year high of $39.44.

Fidelity Metaverse ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were issued a $0.039 dividend. The ex-dividend date of this dividend was Friday, December 19th. This is an increase 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 0.4%.

Institutional Trading of Fidelity Metaverse ETF

A hedge fund recently raised its stake in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. boosted its stake in Fidelity Metaverse ETF (NASDAQ:FMET) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,426 shares of the company’s stock after purchasing an additional 765 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.57% of Fidelity Metaverse ETF worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

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.