Fidelity Metaverse ETF (NASDAQ:FMET) Stock Short Interest Climbs 224.4%

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 386 shares, a growth of 224.4% from the September 15th total of 119 shares. Based on an average trading volume of 3,467 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Fidelity Metaverse ETF Stock Up 0.6%

Shares of FMET opened at $39.71 on Wednesday. The firm has a market cap of $43.68 million, a price-to-earnings ratio of 23.47 and a beta of 1.20. The company’s fifty day moving average is $38.85 and its 200-day moving average is $37.28. Fidelity Metaverse ETF has a 12 month low of $30.14 and a 12 month high of $40.25.

Fidelity Metaverse ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Friday, September 18th were paid a dividend of $0.1080 per share. This represents a $0.43 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, September 18th. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.0670.

Institutional Investors Weigh In On Fidelity Metaverse ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont acquired a new stake in Fidelity Metaverse ETF during the second quarter worth about $121,000. Nwam LLC bought a new position in Fidelity Metaverse ETF during the second quarter valued at about $188,000. Community Bank & Trust Waco Texas acquired a new position in Fidelity Metaverse ETF in the 2nd quarter valued at approximately $197,000. Finally, Citadel Advisors LLC raised its holdings in Fidelity Metaverse ETF by 47.3% in the 2nd quarter. Citadel Advisors LLC now owns 68,382 shares of the company’s stock valued at $2,516,000 after acquiring an additional 21,950 shares in the last quarter.

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.