Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Up 40,000.0% in January

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 401 shares, a growth of 40,000.0% from the January 15th total of 1 shares. Based on an average daily trading volume, of 4,704 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 4,704 shares, the days-to-cover ratio is presently 0.1 days.

Fidelity Metaverse ETF Price Performance

Fidelity Metaverse ETF stock opened at $34.13 on Thursday. Fidelity Metaverse ETF has a fifty-two week low of $23.85 and a fifty-two week high of $39.44. The firm has a fifty day moving average price of $35.98 and a two-hundred day moving average price of $36.41. The firm has a market cap of $47.78 million, a price-to-earnings ratio of 23.47 and a beta of 1.13.

Fidelity Metaverse ETF Increases Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. lifted its position in Fidelity Metaverse ETF (NASDAQ:FMET) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,426 shares of the company’s stock after purchasing an additional 765 shares during the quarter. Envestnet Asset Management Inc. owned 0.57% of Fidelity Metaverse ETF worth $281,000 at the end of the most recent reporting period.

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.