Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Decreases By 35.3%

Fidelity Metaverse ETF (NASDAQ:FMET) saw a large decline in short interest in 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 daily trading volume, of 7,400 shares, the days-to-cover ratio is presently 0.9 days.

Fidelity Metaverse ETF Price Performance

Fidelity Metaverse ETF stock opened at $30.28 on Friday. The firm has a market capitalization of $33.31 million, a price-to-earnings ratio of 30.10 and a beta of -1.32. The company’s 50 day simple moving average is $30.92 and its 200 day simple moving average is $30.29. Fidelity Metaverse ETF has a fifty-two week low of $26.32 and a fifty-two week high of $32.90.

Fidelity Metaverse ETF Increases Dividend

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

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.