Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Increases By 96.9%

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 2,643 shares, an increase of 96.9% from the November 30th total of 1,342 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 6,164 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 6,164 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Metaverse ETF (NASDAQ:FMET) by 11.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,426 shares of the company’s stock after acquiring an additional 765 shares during the period. Envestnet Asset Management Inc. owned about 0.57% of Fidelity Metaverse ETF worth $281,000 as of its most recent SEC filing.

Fidelity Metaverse ETF Stock Performance

NASDAQ:FMET traded down $0.15 on Monday, reaching $36.25. The company’s stock had a trading volume of 6,149 shares, compared to its average volume of 7,312. Fidelity Metaverse ETF has a 1-year low of $23.85 and a 1-year high of $39.44. The business’s 50-day moving average price is $36.69 and its two-hundred day moving average price is $35.96. The firm has a market cap of $47.13 million, a PE ratio of 23.47 and a beta of 1.13.

Fidelity Metaverse ETF Increases Dividend

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

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.