Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 334 shares, a growth of 66.2% from the July 15th total of 201 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,948 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Fidelity Metaverse ETF

Several large investors have recently made changes to their positions in the business. Trust Co. of Vermont purchased a new stake in shares of Fidelity Metaverse ETF in the 2nd quarter worth approximately $121,000. Osaic Holdings Inc. increased its holdings in Fidelity Metaverse ETF by 252.9% in the 4th quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock worth $143,000 after buying an additional 2,837 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Metaverse ETF by 11.5% during the third 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 last quarter. High Point Wealth Management LLC purchased a new stake in Fidelity Metaverse ETF during the 4th quarter valued at $288,000. Finally, Jane Street Group LLC lifted its holdings in shares of 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 buying an additional 2,113 shares during the period.

Fidelity Metaverse ETF Stock Performance

Shares of Fidelity Metaverse ETF stock traded down $0.63 during trading on Tuesday, hitting $38.27. The company’s stock had a trading volume of 592 shares, compared to its average volume of 4,430. Fidelity Metaverse ETF has a 52 week low of $30.14 and a 52 week high of $40.25. The company has a market capitalization of $45.92 million, a PE ratio of 23.47 and a beta of 1.20. The company has a fifty day simple moving average of $37.31 and a two-hundred day simple moving average of $35.68.

Fidelity Metaverse ETF Increases Dividend

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

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.