Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 334 shares, a growth of 66.2% from the July 15th total of 201 shares. Based on an average daily trading volume, of 2,948 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of Fidelity Metaverse ETF

A number of institutional investors have recently modified their holdings of the business. High Point Wealth Management LLC purchased a new position in shares of Fidelity Metaverse ETF in the 4th quarter worth about $288,000. Osaic Holdings Inc. boosted its stake in Fidelity Metaverse ETF by 252.9% in the fourth quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock worth $143,000 after buying an additional 2,837 shares in the last quarter. Trust Co. of Vermont bought a new position in Fidelity Metaverse ETF during the second quarter valued at approximately $121,000. Jane Street Group LLC grew its position 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 acquiring an additional 2,113 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of 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 in the last quarter.

Fidelity Metaverse ETF Price Performance

Shares of NASDAQ FMET traded down $0.63 during trading on Monday, reaching $38.90. 14,758 shares of the stock traded hands, compared to its average volume of 4,455. Fidelity Metaverse ETF has a 52-week low of $30.14 and a 52-week high of $40.25. The company has a 50-day moving average of $37.30 and a 200-day moving average of $35.66. The stock has a market capitalization of $46.68 million, a P/E ratio of 23.47 and a beta of 1.20.

Fidelity Metaverse ETF Increases Dividend

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

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.