Fidelity Metaverse ETF (NASDAQ:FMET) Sees Significant Decline in Short Interest

Fidelity Metaverse ETF (NASDAQ:FMET – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 238 shares, a drop of 86.9% from the May 31st total of 1,822 shares. Based on an average daily volume of 4,476 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Osaic Holdings Inc. grew its holdings in Fidelity Metaverse ETF by 252.9% in the fourth quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock valued at $143,000 after purchasing an additional 2,837 shares during the period. Envestnet Asset Management Inc. raised its stake in 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 purchasing an additional 765 shares during the period. High Point Wealth Management LLC acquired a new position in shares of Fidelity Metaverse ETF in the 4th quarter valued at $288,000. Finally, Jane Street Group LLC boosted its holdings in shares of Fidelity Metaverse ETF by 28.4% in 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 during the last quarter.

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Fidelity Metaverse ETF Stock Up 0.5%

Shares of NASDAQ:FMET traded up $0.18 during midday trading on Friday, reaching $35.65. The company’s stock had a trading volume of 2,973 shares, compared to its average volume of 4,784. The firm has a market cap of $46.34 million, a price-to-earnings ratio of 23.47 and a beta of 1.19. The business has a 50 day moving average price of $37.37 and a 200 day moving average price of $35.38. Fidelity Metaverse ETF has a 1 year low of $30.14 and a 1 year high of $40.25.

Fidelity Metaverse ETF Increases Dividend

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

About Fidelity Metaverse ETF

(Get Free Report)

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.

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