Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

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

Fidelity Metaverse ETF Stock Performance

Shares of Fidelity Metaverse ETF stock opened at $29.01 on Wednesday. The firm has a 50-day simple moving average of $30.69 and a two-hundred day simple moving average of $30.29. The company has a market cap of $31.91 million, a P/E ratio of 27.50 and a beta of -1.32. 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 disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Friday, December 20th were given a $0.057 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.01.

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.