Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 8,600 shares, a growth of 30.3% from the February 13th total of 6,600 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is presently 1.2 days.

Fidelity Metaverse ETF Price Performance

Shares of NASDAQ:FMET opened at $29.01 on Wednesday. The company’s fifty day moving average price is $30.69 and its 200 day moving average price is $30.29. Fidelity Metaverse ETF has a 12 month low of $26.32 and a 12 month high of $32.90. The firm has a market capitalization of $31.91 million, a P/E ratio of 27.50 and a beta of -1.32.

Fidelity Metaverse ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were paid a dividend of $0.057 per share. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.01. This represents a $0.23 annualized dividend and a yield of 0.79%. The ex-dividend date was Friday, December 20th.

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.