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

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,700 shares, an increase of 11.8% from the October 31st total of 5,100 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 1.0 days.

Fidelity Metaverse ETF Stock Down 0.4 %

Shares of NASDAQ:FMET opened at $31.05 on Wednesday. The stock has a market cap of $34.16 million, a P/E ratio of 30.10 and a beta of -1.32. The business’s 50 day moving average is $30.14 and its 200 day moving average is $29.85. Fidelity Metaverse ETF has a 52-week low of $25.98 and a 52-week high of $32.10.

Fidelity Metaverse ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 20th were paid a dividend of $0.012 per share. The ex-dividend date was Friday, September 20th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.15%.

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.