Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Expands By 142.2%

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 201 shares, an increase of 142.2% from the June 30th total of 83 shares. Based on an average trading volume of 1,922 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Fidelity Metaverse ETF Trading Down 0.1%

Shares of FMET stock traded down $0.04 on Wednesday, reaching $37.13. The company’s stock had a trading volume of 1,089 shares, compared to its average volume of 4,435. The stock’s fifty day simple moving average is $37.48 and its 200-day simple moving average is $35.48. Fidelity Metaverse ETF has a 1 year low of $30.14 and a 1 year high of $40.25. The company has a market capitalization of $44.56 million, a price-to-earnings ratio of 23.47 and a beta of 1.21.

Fidelity Metaverse ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were paid a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 18th. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.06.

Institutional Trading of Fidelity Metaverse ETF

A number of large investors have recently made changes to their positions in FMET. Jane Street Group LLC lifted its holdings 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 last quarter. High Point Wealth Management LLC bought a new stake in Fidelity Metaverse ETF during the fourth quarter worth approximately $288,000. Envestnet Asset Management Inc. increased its stake in Fidelity Metaverse ETF by 11.5% during the third quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock worth $281,000 after acquiring an additional 765 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in 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 purchasing an additional 2,837 shares during the period.

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.