Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Down 65.1% in June

Fidelity Metaverse ETF (NASDAQ:FMETGet Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 83 shares, a decline of 65.1% from the June 15th total of 238 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,267 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. increased its holdings in Fidelity Metaverse ETF by 252.9% during the 4th 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake in Fidelity Metaverse ETF by 11.5% in 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 in the last quarter. High Point Wealth Management LLC bought a new stake in shares of Fidelity Metaverse ETF during the fourth quarter worth $288,000. Finally, Jane Street Group LLC grew its holdings in shares of Fidelity Metaverse ETF by 28.4% during the fourth quarter. Jane Street Group LLC now owns 9,557 shares of the company’s stock worth $345,000 after purchasing an additional 2,113 shares during the last quarter.

Fidelity Metaverse ETF Stock Performance

FMET opened at $37.81 on Monday. The firm has a market cap of $45.37 million, a price-to-earnings ratio of 23.47 and a beta of 1.21. Fidelity Metaverse ETF has a twelve month low of $30.14 and a twelve month high of $40.25. The firm’s 50-day simple moving average is $37.65 and its 200-day simple moving average is $35.43.

Fidelity Metaverse ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were paid a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, June 18th.

Fidelity Metaverse ETF Company Profile

(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.

Further Reading

Receive News & Ratings for Fidelity Metaverse ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Metaverse ETF and related companies with MarketBeat.com's FREE daily email newsletter.