Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 317 shares, a decline of 36.1% from the April 15th total of 496 shares. Based on an average trading volume of 3,535 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Fidelity Metaverse ETF Price Performance

Shares of NASDAQ:FMET opened at $37.37 on Tuesday. Fidelity Metaverse ETF has a twelve month low of $30.08 and a twelve month high of $39.44. The company has a 50-day moving average price of $34.06 and a two-hundred day moving average price of $35.09. The firm has a market capitalization of $48.58 million, a PE ratio of 23.47 and a beta of 1.18.

Fidelity Metaverse ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were given a $0.056 dividend. The ex-dividend date was Friday, March 20th. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.04. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Trading of Fidelity Metaverse ETF

Large investors have recently modified their holdings of the business. Jane Street Group LLC raised its position 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 valued at $345,000 after purchasing an additional 2,113 shares during the last quarter. High Point Wealth Management LLC bought a new stake in shares of Fidelity Metaverse ETF in the 4th quarter worth approximately $288,000. Envestnet Asset Management Inc. grew its position in shares of Fidelity Metaverse ETF by 11.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,426 shares of the company’s stock worth $281,000 after buying an additional 765 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Fidelity Metaverse ETF by 252.9% during the fourth quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock valued at $143,000 after buying an additional 2,837 shares during the period.

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.