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

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 3,900 shares, a decrease of 31.6% from the November 15th total of 5,700 shares. Based on an average daily volume of 6,200 shares, the short-interest ratio is presently 0.6 days.

Fidelity Metaverse ETF Stock Performance

Shares of Fidelity Metaverse ETF stock traded down $0.45 during mid-day trading on Friday, hitting $31.08. 7,826 shares of the stock were exchanged, compared to its average volume of 7,432. The company has a market capitalization of $34.19 million, a P/E ratio of 30.10 and a beta of -1.32. The company has a 50-day simple moving average of $30.34 and a 200 day simple moving average of $29.94. Fidelity Metaverse ETF has a 12 month low of $25.98 and a 12 month high of $32.10.

Fidelity Metaverse ETF Dividend Announcement

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

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.