Fidelity Metaverse ETF (NASDAQ:FMET) Sees Large Increase in Short Interest

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,400 shares, an increase of 100.0% from the September 30th total of 700 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity Metaverse ETF Price Performance

Shares of FMET traded up $0.26 during trading hours on Friday, hitting $29.92. 1,313 shares of the stock were exchanged, compared to its average volume of 7,281. Fidelity Metaverse ETF has a fifty-two week low of $22.81 and a fifty-two week high of $32.10. The business has a 50-day moving average of $29.57 and a 200-day moving average of $29.48. The firm has a market capitalization of $32.91 million, a P/E ratio of 30.10 and a beta of -1.32.

Fidelity Metaverse ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 20th were issued a $0.012 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Friday, September 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.