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

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 trading volume, of 8,100 shares, the short-interest ratio is currently 1.3 days.

Fidelity Metaverse ETF Stock Performance

FMET stock traded down $0.04 during midday trading on Wednesday, reaching $31.90. 3,829 shares of the company traded hands, compared to its average volume of 6,483. Fidelity Metaverse ETF has a 52-week low of $26.32 and a 52-week high of $32.10. The business has a 50 day moving average of $30.74 and a 200-day moving average of $29.99. The firm has a market capitalization of $35.09 million, a price-to-earnings ratio of 30.10 and a beta of -1.32.

Fidelity Metaverse ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Friday, December 20th were given a dividend of $0.057 per share. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, December 20th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.71%.

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.