Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Decreases By 35.3%

Fidelity Metaverse ETF (NASDAQ:FMET) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 6,600 shares, a drop of 35.3% from the January 31st total of 10,200 shares. Based on an average daily trading volume, of 7,400 shares, the short-interest ratio is currently 0.9 days.

Fidelity Metaverse ETF Price Performance

Shares of NASDAQ FMET traded up $0.16 during midday trading on Tuesday, hitting $29.75. The stock had a trading volume of 10,775 shares, compared to its average volume of 6,392. The company’s 50-day simple moving average is $30.90 and its 200 day simple moving average is $30.30. The firm has a market cap of $31.24 million, a P/E ratio of 27.50 and a beta of 1.07. Fidelity Metaverse ETF has a fifty-two week low of $26.32 and a fifty-two week high of $32.90.

Fidelity Metaverse ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Friday, December 20th were paid a $0.057 dividend. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.01. This represents a $0.23 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, December 20th.

Fidelity Metaverse ETF Company Profile

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.