Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Down 35.3% in February

Fidelity Metaverse ETF (NASDAQ:FMET) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 6,600 shares, a decline of 35.3% from the January 31st total of 10,200 shares. Based on an average trading volume of 7,400 shares, the short-interest ratio is presently 0.9 days.

Fidelity Metaverse ETF Stock Down 2.4 %

NASDAQ FMET traded down $0.72 on Monday, reaching $29.61. The company had a trading volume of 8,062 shares, compared to its average volume of 6,284. The stock has a market capitalization of $31.09 million, a PE ratio of 27.50 and a beta of 1.07. The firm’s 50 day moving average price is $30.90 and its 200 day moving average price is $30.30. Fidelity Metaverse ETF has a 12 month low of $26.32 and a 12 month high of $32.90.

Fidelity Metaverse ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Friday, December 20th were issued a $0.057 dividend. This is an increase from Fidelity Metaverse ETF’s previous quarterly dividend of $0.01. This represents a $0.23 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Friday, December 20th.

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.