Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Grows By 264.3%

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 5,100 shares, a growth of 264.3% from the October 15th total of 1,400 shares. Based on an average daily volume of 4,600 shares, the short-interest ratio is presently 1.1 days.

Fidelity Metaverse ETF Stock Down 0.9 %

Shares of FMET traded down $0.27 during mid-day trading on Wednesday, reaching $29.85. 9,913 shares of the company’s stock were exchanged, compared to its average volume of 7,329. The company has a 50-day simple moving average of $29.72 and a two-hundred day simple moving average of $29.70. Fidelity Metaverse ETF has a 52-week low of $25.98 and a 52-week high of $32.10. The company has a market cap of $32.84 million, a price-to-earnings ratio of 30.10 and a beta of -1.32.

Fidelity Metaverse ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 20th were given a $0.012 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.16%. The ex-dividend date 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.