Fidelity Metaverse ETF (NASDAQ:FMET) Shares Shorted: Short Interest Up 225.6% in October

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,257 shares, an increase of 225.6% from the September 30th total of 386 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,512 shares, the short-interest ratio is presently 0.5 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 the stock. Trust Co. of Vermont acquired a new position in shares of Fidelity Metaverse ETF in the 2nd quarter valued at $121,000. Nwam LLC purchased a new position in Fidelity Metaverse ETF during the second quarter worth about $188,000. Community Bank & Trust Waco Texas purchased a new position in Fidelity Metaverse ETF during the second quarter worth about $197,000. Finally, Citadel Advisors LLC increased its position in shares of Fidelity Metaverse ETF by 47.3% during the second quarter. Citadel Advisors LLC now owns 68,382 shares of the company’s stock valued at $2,516,000 after acquiring an additional 21,950 shares during the last quarter.

Fidelity Metaverse ETF Price Performance

NASDAQ:FMET traded down $1.29 during trading hours on Friday, hitting $36.67. 2,109 shares of the company were exchanged, compared to its average volume of 4,430. The stock has a market capitalization of $40.34 million, a price-to-earnings ratio of 23.47 and a beta of 1.20. The company’s 50 day moving average price is $38.81 and its 200-day moving average price is $36.52. Fidelity Metaverse ETF has a 52-week low of $30.14 and a 52-week high of $40.25.

Fidelity Metaverse ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were issued a $0.1080 dividend. The ex-dividend date of this dividend was Friday, September 18th. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.0670. This represents a $0.43 annualized dividend and a yield of 1.2%.

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.