Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Expands By 40,000.0%

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 401 shares, a growth of 40,000.0% from the January 15th total of 1 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,704 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 4,704 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Fidelity Metaverse ETF Stock Down 0.0%

FMET stock traded down $0.01 during mid-day trading on Tuesday, hitting $34.58. The company had a trading volume of 5,593 shares, compared to its average volume of 6,351. The company has a 50-day moving average price of $36.05 and a 200 day moving average price of $36.43. Fidelity Metaverse ETF has a 12-month low of $23.85 and a 12-month high of $39.44. The company has a market capitalization of $48.41 million, a price-to-earnings ratio of 23.47 and a beta of 1.13.

Fidelity Metaverse ETF Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, December 19th. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. lifted its position in Fidelity Metaverse ETF (NASDAQ:FMET) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,426 shares of the company’s stock after acquiring an additional 765 shares during the quarter. Envestnet Asset Management Inc. owned 0.57% of Fidelity Metaverse ETF worth $281,000 at the end of the most recent reporting 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.