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

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 83 shares, a drop of 65.1% from the June 15th total of 238 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,267 shares, the days-to-cover ratio is currently 0.0 days.

Fidelity Metaverse ETF Price Performance

Shares of NASDAQ:FMET opened at $37.81 on Monday. The company has a market cap of $45.37 million, a P/E ratio of 23.47 and a beta of 1.21. The company’s fifty day moving average is $37.65 and its two-hundred day moving average is $35.43. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were given a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, June 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMET. Envestnet Asset Management Inc. lifted its position in 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 in the last quarter. High Point Wealth Management LLC bought a new stake in shares of Fidelity Metaverse ETF in the 4th quarter valued at approximately $288,000. Jane Street Group LLC increased its stake in shares of Fidelity Metaverse ETF by 28.4% during the 4th 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. Finally, Osaic Holdings Inc. increased its position in Fidelity Metaverse ETF by 252.9% during the fourth quarter. Osaic Holdings Inc. now owns 3,959 shares of the company’s stock worth $143,000 after buying an additional 2,837 shares during 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.