Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Down 31.6% in November

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 3,900 shares, a drop of 31.6% from the November 15th total of 5,700 shares. Based on an average trading volume of 6,200 shares, the short-interest ratio is currently 0.6 days.

Fidelity Metaverse ETF Stock Performance

Shares of NASDAQ:FMET traded down $0.45 during trading on Friday, reaching $31.08. The stock had a trading volume of 7,826 shares, compared to its average volume of 7,432. The firm’s fifty day moving average is $30.34 and its 200 day moving average is $29.94. Fidelity Metaverse ETF has a 52 week low of $25.98 and a 52 week high of $32.10. The stock has a market cap of $34.19 million, a price-to-earnings ratio of 30.10 and a beta of -1.32.

Fidelity Metaverse ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 20th were issued a dividend of $0.012 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.05 annualized dividend and a yield of 0.15%.

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.