Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Grows By 1,033.3%

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 10,200 shares, an increase of 1,033.3% from the January 15th total of 900 shares. Based on an average daily volume of 8,100 shares, the short-interest ratio is currently 1.3 days.

Fidelity Metaverse ETF Stock Performance

Fidelity Metaverse ETF stock opened at $31.86 on Thursday. Fidelity Metaverse ETF has a fifty-two week low of $26.32 and a fifty-two week high of $32.10. The firm’s 50-day simple moving average is $30.74 and its 200 day simple moving average is $29.99. The stock has a market cap of $35.05 million, a PE ratio of 30.10 and a beta of -1.32.

Fidelity Metaverse ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Friday, December 20th were paid a $0.057 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Friday, December 20th. 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.