Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 13,700 shares, a decrease of 30.8% from the February 29th total of 19,800 shares. Based on an average daily volume of 11,300 shares, the short-interest ratio is presently 1.2 days.

Fidelity Metaverse ETF Stock Up 0.1 %

Shares of FMET stock traded up $0.04 during mid-day trading on Friday, reaching $29.14. 11,393 shares of the stock traded hands, compared to its average volume of 11,282. The company has a market cap of $27.68 million, a price-to-earnings ratio of 26.47 and a beta of -1.32. The stock’s fifty day simple moving average is $28.83 and its two-hundred day simple moving average is $26.84. Fidelity Metaverse ETF has a 1-year low of $22.63 and a 1-year high of $29.98.

Fidelity Metaverse ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were given a dividend of $0.017 per share. The ex-dividend date was Friday, March 15th. This represents a $0.07 annualized dividend and a yield of 0.23%.

Hedge Funds Weigh In On Fidelity Metaverse ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its position in Fidelity Metaverse ETF by 2,687.1% during the 2nd quarter. Osaic Holdings Inc. now owns 6,494 shares of the company’s stock worth $168,000 after purchasing an additional 6,261 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Fidelity Metaverse ETF in the second quarter worth approximately $767,000. Jane Street Group LLC bought a new stake in Fidelity Metaverse ETF in the second quarter valued at approximately $1,113,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Fidelity Metaverse ETF during the 4th quarter valued at approximately $1,645,000.

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.