Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 83 shares, a decrease of 65.1% from the June 15th total of 238 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,267 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Fidelity Metaverse ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted 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 purchasing an additional 765 shares during the period. Jane Street Group LLC boosted its holdings in 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 purchasing an additional 2,113 shares in the last quarter. Osaic Holdings Inc. grew its stake 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 purchasing an additional 2,837 shares during the period. Finally, High Point Wealth Management LLC bought a new stake in shares of Fidelity Metaverse ETF in the 4th quarter valued at approximately $288,000.

Fidelity Metaverse ETF Stock Up 0.2%

FMET traded up $0.07 during trading on Wednesday, reaching $37.36. 1,478 shares of the company’s stock were exchanged, compared to its average volume of 4,549. Fidelity Metaverse ETF has a fifty-two week low of $30.14 and a fifty-two week high of $40.25. The business has a 50 day moving average price of $37.67 and a 200 day moving average price of $35.44. The company has a market capitalization of $44.83 million, a P/E 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. Stockholders of record on Thursday, June 18th were issued a dividend of $0.067 per share. 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 a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.06.

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.