Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 253 shares, a drop of 87.8% from the February 12th total of 2,066 shares. Based on an average daily trading 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 trading 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 added to or reduced their stakes in FMET. Osaic Holdings Inc. grew its stake in Fidelity Metaverse ETF by 252.9% during the fourth quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock worth $143,000 after buying an additional 2,837 shares during the last quarter. Envestnet Asset Management Inc. increased 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 worth $281,000 after buying an additional 765 shares in the last quarter. High Point Wealth Management LLC bought a new position in shares of Fidelity Metaverse ETF in the fourth quarter valued at approximately $288,000. Finally, Jane Street Group LLC raised its stake in shares of Fidelity Metaverse ETF by 28.4% in the fourth quarter. Jane Street Group LLC now owns 9,557 shares of the company’s stock valued at $345,000 after acquiring an additional 2,113 shares during the last quarter.

Fidelity Metaverse ETF Price Performance

Shares of FMET traded down $0.25 on Tuesday, reaching $32.93. 4,419 shares of the stock traded hands, compared to its average volume of 5,781. The stock’s 50-day moving average price is $34.81 and its 200-day moving average price is $36.14. The firm has a market cap of $46.10 million, a price-to-earnings ratio of 23.47 and a beta of 1.13. Fidelity Metaverse ETF has a 12 month low of $23.85 and a 12 month high of $39.44.

Fidelity Metaverse ETF Increases Dividend

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

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.