Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Down 72.5% in December

Fidelity Metaverse ETF (NASDAQ:FMETGet Free Report) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 726 shares, a decrease of 72.5% from the December 15th total of 2,643 shares. Based on an average daily volume of 5,402 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 5,402 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Fidelity Metaverse ETF

An institutional investor recently raised its position in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Metaverse ETF (NASDAQ:FMETFree Report) by 11.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,426 shares of the company’s stock after purchasing an additional 765 shares during the period. Envestnet Asset Management Inc. owned 0.57% of Fidelity Metaverse ETF worth $281,000 as of its most recent SEC filing.

Fidelity Metaverse ETF Trading Up 0.2%

Shares of FMET stock traded up $0.08 on Tuesday, reaching $36.57. 4,425 shares of the company’s stock were exchanged, compared to its average volume of 7,924. The company’s fifty day simple moving average is $36.22 and its 200 day simple moving average is $36.24. Fidelity Metaverse ETF has a 52 week low of $23.85 and a 52 week high of $39.44. The stock has a market capitalization of $51.20 million, a PE ratio of 23.47 and a beta of 1.13.

Fidelity Metaverse ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were paid a $0.039 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a $0.16 annualized dividend and a yield of 0.4%. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.03.

About Fidelity Metaverse ETF

(Get Free Report)

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.

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