Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Drops By 85.7%

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 100 shares, a decrease of 85.7% from the May 31st total of 700 shares. Based on an average daily volume of 6,900 shares, the short-interest ratio is presently 0.0 days.

Fidelity Metaverse ETF Trading Up 0.3 %

Shares of FMET traded up $0.10 during midday trading on Thursday, hitting $30.50. 9,777 shares of the company’s stock traded hands, compared to its average volume of 9,002. Fidelity Metaverse ETF has a 1 year low of $22.81 and a 1 year high of $30.89. The firm’s fifty day moving average is $29.31 and its 200-day moving average is $28.68. The stock has a market capitalization of $32.03 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. Stockholders of record on Friday, June 21st were issued a dividend of $0.046 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, June 21st. This is a positive change from Fidelity Metaverse ETF’s previous quarterly dividend of $0.02.

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.