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

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a significant increase in short interest in 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 Price Performance

FMET stock opened at $30.76 on Monday. The company’s 50-day moving average is $30.08 and its 200-day moving average is $29.83. The stock has a market capitalization of $33.84 million, a PE ratio of 30.10 and a beta of -1.32. Fidelity Metaverse ETF has a 1 year low of $25.98 and a 1 year high of $32.10.

Fidelity Metaverse ETF Dividend Announcement

The company 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. The ex-dividend date was Friday, September 20th. This represents a $0.05 annualized dividend and a yield of 0.16%.

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.