Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Rises By 415.2%

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 2,066 shares, a growth of 415.2% from the January 29th total of 401 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 6,451 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 6,451 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fidelity Metaverse ETF

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its holdings in shares of Fidelity Metaverse ETF by 252.9% in 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 holdings 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 buying an additional 2,113 shares in the last quarter. High Point Wealth Management LLC acquired a new stake in shares of Fidelity Metaverse ETF during the 4th quarter valued at $288,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Fidelity Metaverse ETF by 11.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock valued at $281,000 after acquiring an additional 765 shares during the last quarter.

Fidelity Metaverse ETF Stock Performance

Shares of FMET stock opened at $34.00 on Thursday. Fidelity Metaverse ETF has a 1 year low of $23.85 and a 1 year high of $39.44. The business’s fifty day moving average is $35.39 and its 200-day moving average is $36.29. The stock has a market cap of $47.60 million, a PE ratio of 23.47 and a beta of 1.13.

Fidelity Metaverse ETF Increases Dividend

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

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.