Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Declines By 99.9%

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 1 shares, a drop of 99.9% from the December 31st total of 726 shares. Based on an average daily volume of 7,126 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 7,126 shares, the days-to-cover ratio is presently 0.0 days.

Fidelity Metaverse ETF Trading Up 0.1%

Shares of NASDAQ FMET traded up $0.03 during mid-day trading on Wednesday, reaching $36.75. The company had a trading volume of 2,203 shares, compared to its average volume of 6,088. The stock has a market cap of $51.45 million, a price-to-earnings ratio of 23.47 and a beta of 1.13. Fidelity Metaverse ETF has a 52 week low of $23.85 and a 52 week high of $39.44. The business’s 50-day moving average is $36.14 and its 200-day moving average is $36.42.

Fidelity Metaverse ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, December 19th. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.03.

Hedge Funds Weigh In On Fidelity Metaverse ETF

An institutional investor recently raised its position in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. grew its position in Fidelity Metaverse ETF (NASDAQ:FMET) by 11.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,426 shares of the company’s stock after buying an additional 765 shares during the period. Envestnet Asset Management Inc. owned 0.57% of Fidelity Metaverse ETF worth $281,000 at the end of the most recent quarter.

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.