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

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 317 shares, a decline of 36.1% from the April 15th total of 496 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,535 shares, the short-interest ratio is presently 0.1 days.

Fidelity Metaverse ETF Stock Performance

Shares of FMET traded down $0.35 during trading hours on Monday, hitting $37.07. 5,607 shares of the company were exchanged, compared to its average volume of 4,759. The company has a market cap of $48.19 million, a PE ratio of 23.47 and a beta of 1.18. The firm’s 50 day moving average is $33.97 and its 200-day moving average is $35.10. Fidelity Metaverse ETF has a 52 week low of $30.08 and a 52 week high of $39.44.

Fidelity Metaverse ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were issued a dividend of $0.056 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.22 annualized dividend and a dividend yield of 0.6%. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.04.

Institutional Trading of Fidelity Metaverse ETF

Several large investors have recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in Fidelity Metaverse ETF by 252.9% during the 4th quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock valued at $143,000 after purchasing an additional 2,837 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 valued at $281,000 after purchasing an additional 765 shares during the period. High Point Wealth Management LLC bought a new stake in Fidelity Metaverse ETF in the 4th quarter valued at $288,000. Finally, Jane Street Group LLC boosted its holdings in Fidelity Metaverse ETF by 28.4% in 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 period.

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.