Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Down 99.9% in January

by · The Cerbat Gem

Fidelity Metaverse ETF (NASDAQ:FMET – Get Free Report) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1 shares, a decrease of 99.9% from the December 31st total of 726 shares. Based on an average daily volume of 7,126 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,126 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fidelity Metaverse ETF stock. Envestnet Asset Management Inc. raised its stake in shares of Fidelity Metaverse ETF (NASDAQ:FMET – Free Report) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,426 shares of the company’s stock after buying an additional 765 shares during the quarter. Envestnet Asset Management Inc. owned about 0.57% of Fidelity Metaverse ETF worth $281,000 at the end of the most recent reporting period.

Fidelity Metaverse ETF Trading Down 1.4%

Shares of NASDAQ:FMET traded down $0.50 during trading on Thursday, hitting $36.25. 2,067 shares of the company’s stock were exchanged, compared to its average volume of 5,940. The firm has a market cap of $50.75 million, a P/E ratio of 23.47 and a beta of 1.13. The firm has a 50-day moving average price of $36.18 and a two-hundred day moving average price of $36.42. Fidelity Metaverse ETF has a 1-year low of $23.85 and a 1-year high of $39.44.

Fidelity Metaverse ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were given a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, December 19th. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.03.

About Fidelity Metaverse ETF

(Get Free Report)

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.

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