Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Expands By 66.2%

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large growth in short interest during 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. Based on an average daily volume of 2,948 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FMET. Osaic Holdings Inc. boosted its position in shares of Fidelity Metaverse ETF by 252.9% during the 4th quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock worth $143,000 after purchasing an additional 2,837 shares in the last quarter. Jane Street Group LLC increased its position 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 buying an additional 2,113 shares in the last quarter. Envestnet Asset Management Inc. increased its position 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 buying an additional 765 shares in the last quarter. Trust Co. of Vermont acquired a new position in Fidelity Metaverse ETF during the 2nd quarter worth approximately $121,000. Finally, High Point Wealth Management LLC acquired a new position in Fidelity Metaverse ETF during the 4th quarter worth approximately $288,000.

Fidelity Metaverse ETF Price Performance

Fidelity Metaverse ETF stock traded down $0.63 during mid-day trading on Monday, reaching $38.90. 14,758 shares of the company were exchanged, compared to its average volume of 4,455. The firm has a market cap of $46.68 million, a PE ratio of 23.47 and a beta of 1.20. The company has a fifty day simple moving average of $37.30 and a 200-day simple moving average of $35.66. Fidelity Metaverse ETF has a 12 month low of $30.14 and a 12 month high of $40.25.

Fidelity Metaverse ETF Increases Dividend

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

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.