Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Increases By 143.1%

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 615 shares, an increase of 143.1% from the February 26th total of 253 shares. Based on an average trading volume of 4,351 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Fidelity Metaverse ETF

Hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. increased its stake in shares of Fidelity Metaverse ETF by 252.9% in 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. boosted its stake in 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. High Point Wealth Management LLC bought a new position in Fidelity Metaverse ETF during the 4th quarter valued at $288,000. Finally, Jane Street Group LLC grew its holdings 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 worth $345,000 after acquiring an additional 2,113 shares in the last quarter.

Fidelity Metaverse ETF Stock Performance

Shares of FMET opened at $31.55 on Thursday. The company has a market capitalization of $44.17 million, a P/E ratio of 23.47 and a beta of 1.13. Fidelity Metaverse ETF has a one year low of $23.85 and a one year high of $39.44. The stock has a 50-day moving average price of $33.85 and a 200 day moving average price of $35.86.

Fidelity Metaverse ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were given a $0.056 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, March 20th. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.04.

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.