Fidelity Metaverse ETF (NASDAQ:FMET) Sees Significant Growth in Short Interest

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 201 shares, an increase of 142.2% from the June 30th total of 83 shares. Based on an average trading volume of 1,922 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Fidelity Metaverse ETF Price Performance

NASDAQ FMET opened at $36.89 on Thursday. The firm has a market cap of $44.27 million, a P/E ratio of 23.47 and a beta of 1.21. The stock’s 50-day moving average is $37.46 and its 200-day moving average is $35.48. Fidelity Metaverse ETF has a one year low of $30.14 and a one year high of $40.25.

Fidelity Metaverse ETF Increases Dividend

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

Institutional Trading of Fidelity Metaverse ETF

Several hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted 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 valued at $143,000 after buying an additional 2,837 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Metaverse ETF by 11.5% in the third quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock valued at $281,000 after buying an additional 765 shares during the period. High Point Wealth Management LLC bought a new stake in shares of Fidelity Metaverse ETF during the fourth quarter worth $288,000. Finally, Jane Street Group LLC increased its position in shares of Fidelity Metaverse ETF by 28.4% during the fourth quarter. Jane Street Group LLC now owns 9,557 shares of the company’s stock worth $345,000 after acquiring an additional 2,113 shares in the last quarter.

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.