Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Up 94.9% in December

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 7,600 shares, an increase of 94.9% from the November 30th total of 3,900 shares. Based on an average trading volume of 6,900 shares, the short-interest ratio is presently 1.1 days.

Fidelity Metaverse ETF Stock Performance

Shares of FMET stock traded down $0.33 during mid-day trading on Friday, hitting $30.32. 4,351 shares of the stock were exchanged, compared to its average volume of 7,479. The stock’s fifty day simple moving average is $30.43 and its two-hundred day simple moving average is $30.01. Fidelity Metaverse ETF has a 12-month low of $25.98 and a 12-month high of $32.10. The stock has a market capitalization of $33.35 million, a price-to-earnings ratio of 30.10 and a beta of -1.32.

Fidelity Metaverse ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were given a $0.057 dividend. The ex-dividend date was Friday, December 20th. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.01. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.75%.

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.