Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Up 30.3% in February

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

Fidelity Metaverse ETF Stock Performance

Shares of NASDAQ:FMET traded down $0.60 during trading on Tuesday, hitting $29.01. The company’s stock had a trading volume of 6,589 shares, compared to its average volume of 6,470. Fidelity Metaverse ETF has a fifty-two week low of $26.32 and a fifty-two week high of $32.90. The business has a 50 day moving average price of $30.72 and a two-hundred day moving average price of $30.29. The company has a market capitalization of $31.91 million, a PE ratio of 27.50 and a beta of -1.32.

Fidelity Metaverse ETF Increases Dividend

The business also recently declared 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 of this dividend was Friday, December 20th. This represents a $0.23 dividend on an annualized basis and a yield of 0.79%. This is a positive change 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.