Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Down 86.9% in June

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 238 shares, a decline of 86.9% from the May 31st total of 1,822 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 4,476 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Fidelity Metaverse ETF

Several hedge funds and other institutional investors have recently modified their holdings of FMET. Osaic Holdings Inc. grew 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 worth $143,000 after buying an additional 2,837 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Fidelity Metaverse ETF by 11.5% in the third quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock worth $281,000 after purchasing an additional 765 shares during the period. High Point Wealth Management LLC bought a new position in Fidelity Metaverse ETF in the fourth quarter worth $288,000. Finally, Jane Street Group LLC raised its holdings in Fidelity Metaverse ETF by 28.4% in the fourth quarter. Jane Street Group LLC now owns 9,557 shares of the company’s stock worth $345,000 after purchasing an additional 2,113 shares in the last quarter.

Fidelity Metaverse ETF Stock Performance

Fidelity Metaverse ETF stock traded up $0.16 during midday trading on Friday, reaching $35.63. 1,238 shares of the stock were exchanged, compared to its average volume of 4,769. The company’s fifty day moving average is $37.34 and its 200-day moving average is $35.38. The firm has a market cap of $46.32 million, a PE ratio of 23.47 and a beta of 1.19. Fidelity Metaverse ETF has a 52 week low of $30.14 and a 52 week high of $40.25.

Fidelity Metaverse ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were paid a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, June 18th.

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.