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

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a large increase in short interest during 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 days-to-cover ratio is currently 1.0 days.

Fidelity Metaverse ETF Stock Down 0.4 %

NASDAQ:FMET traded down $0.14 during trading hours on Tuesday, reaching $31.05. The company had a trading volume of 6,570 shares, compared to its average volume of 7,464. The stock has a 50-day moving average of $30.11 and a two-hundred day moving average of $29.84. Fidelity Metaverse ETF has a one year low of $25.98 and a one year high of $32.10. The firm has a market capitalization of $34.16 million, a PE ratio of 30.10 and a beta of -1.32.

Fidelity Metaverse ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 20th were issued a dividend of $0.012 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.15%. 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.