Fidelity Metaverse ETF (NASDAQ:FMET – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 1,257 shares, a growth of 225.6% from the September 30th total of 386 shares. Based on an average daily volume of 2,512 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.
Fidelity Metaverse ETF Price Performance
Shares of NASDAQ:FMET opened at $38.37 on Thursday. The firm has a fifty day moving average price of $38.82 and a two-hundred day moving average price of $36.52. Fidelity Metaverse ETF has a one year low of $30.14 and a one year high of $40.25. The company has a market cap of $42.20 million, a price-to-earnings ratio of 23.47 and a beta of 1.20.
Fidelity Metaverse ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were issued a $0.1080 dividend. The ex-dividend date of this dividend was Friday, September 18th. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.0670. This represents a $0.43 annualized dividend and a dividend yield of 1.1%.
Institutional Investors Weigh In On Fidelity Metaverse ETF
A number of institutional investors and hedge funds have recently made changes to their positions in FMET. Trust Co. of Vermont bought a new stake in Fidelity Metaverse ETF during the second quarter valued at $121,000. Nwam LLC purchased a new position in Fidelity Metaverse ETF during the second quarter worth about $188,000. Community Bank & Trust Waco Texas purchased a new position in Fidelity Metaverse ETF during the second quarter worth about $197,000. Finally, Citadel Advisors LLC grew its position in Fidelity Metaverse ETF by 47.3% during the second quarter. Citadel Advisors LLC now owns 68,382 shares of the company’s stock worth $2,516,000 after buying an additional 21,950 shares in the last quarter.
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.
See Also
- Five stocks we like better than Fidelity Metaverse ETF
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
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.
