Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Down 98.8% in March

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 98.8% from the February 28th total of 8,600 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,800 shares, the days-to-cover ratio is presently 0.0 days.

Fidelity Metaverse ETF Trading Down 2.0 %

Shares of NASDAQ:FMET traded down $0.60 during midday trading on Wednesday, reaching $29.04. The company had a trading volume of 2,766 shares, compared to its average volume of 6,353. The stock has a market cap of $31.94 million, a P/E ratio of 24.44 and a beta of -1.32. The company’s 50 day moving average price is $30.61 and its 200 day moving average price is $30.30. Fidelity Metaverse ETF has a 52-week low of $26.32 and a 52-week high of $32.90.

Fidelity Metaverse ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 21st were issued a $0.148 dividend. The ex-dividend date of this dividend was Friday, March 21st.

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.