Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 253 shares, a decrease of 87.8% from the February 12th total of 2,066 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Fidelity Metaverse ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FMET. Jane Street Group LLC raised its stake in Fidelity Metaverse ETF by 28.4% during the 4th 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 during the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity Metaverse ETF by 11.5% in the 3rd 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 last quarter. Osaic Holdings Inc. increased its holdings in shares of Fidelity Metaverse ETF by 252.9% during the 4th quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock worth $143,000 after purchasing an additional 2,837 shares during the period. Finally, High Point Wealth Management LLC bought a new position in shares of Fidelity Metaverse ETF during the 4th quarter worth about $288,000.

Fidelity Metaverse ETF Trading Down 0.8%

FMET traded down $0.25 during midday trading on Tuesday, reaching $32.93. The company’s stock had a trading volume of 4,419 shares, compared to its average volume of 5,781. The company has a fifty day simple moving average of $34.81 and a 200 day simple moving average of $36.14. The stock has a market cap of $46.10 million, a P/E ratio of 23.47 and a beta of 1.13. Fidelity Metaverse ETF has a twelve month low of $23.85 and a twelve month high of $39.44.

Fidelity Metaverse ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were given a $0.039 dividend. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, December 19th.

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.