Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Declines By 86.9%

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 238 shares, a decrease of 86.9% from the May 31st total of 1,822 shares. Based on an average daily trading volume, of 4,476 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Fidelity Metaverse ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position 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 acquiring an additional 765 shares during the last quarter. Jane Street Group LLC grew its stake in 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 purchasing an additional 2,113 shares in the last quarter. Osaic Holdings Inc. increased its holdings in 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 during the last quarter. Finally, High Point Wealth Management LLC purchased a new stake in Fidelity Metaverse ETF during the 4th quarter worth approximately $288,000.

Fidelity Metaverse ETF Price Performance

Fidelity Metaverse ETF stock traded up $0.18 during midday trading on Friday, hitting $35.65. 2,973 shares of the company were exchanged, compared to its average volume of 4,784. The company has a market cap of $46.34 million, a PE ratio of 23.47 and a beta of 1.19. Fidelity Metaverse ETF has a fifty-two week low of $30.14 and a fifty-two week high of $40.25. The company’s fifty day moving average price is $37.37 and its 200-day moving average price is $35.38.

Fidelity Metaverse ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were paid a dividend of $0.067 per share. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.27 annualized dividend and a yield of 0.8%.

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.