Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Update

Fidelity Metaverse ETF (NASDAQ:FMET) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 900 shares, a drop of 71.0% from the August 15th total of 3,100 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 0.2 days.

Fidelity Metaverse ETF Price Performance

Shares of FMET stock traded up $0.07 on Friday, hitting $28.95. The stock had a trading volume of 2,349 shares, compared to its average volume of 7,857. The business has a 50 day moving average of $29.48 and a 200 day moving average of $29.28. Fidelity Metaverse ETF has a 12-month low of $22.81 and a 12-month high of $32.10. The stock has a market cap of $31.85 million, a price-to-earnings ratio of 30.10 and a beta of -1.32.

Fidelity Metaverse ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Friday, June 21st were given a $0.046 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.18 annualized dividend and a yield of 0.64%. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.02.

Fidelity Metaverse ETF Company Profile

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.