Fidelity Metaverse ETF (NASDAQ:FMET) Sees Large Increase 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 Stock Performance

Shares of NASDAQ:FMET opened at $31.05 on Wednesday. The company has a 50-day simple moving average of $30.14 and a 200-day simple moving average of $29.85. Fidelity Metaverse ETF has a one year low of $25.98 and a one year high of $32.10. The stock has a market capitalization of $34.16 million, a price-to-earnings ratio of 30.10 and a beta of -1.32.

Fidelity Metaverse ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders 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 dividend 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.