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

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

Fidelity Metaverse ETF Stock Performance

FMET opened at $30.28 on Friday. Fidelity Metaverse ETF has a 52-week low of $26.32 and a 52-week high of $32.90. The firm has a market cap of $33.31 million, a P/E ratio of 30.10 and a beta of -1.32. The business’s fifty day moving average is $30.92 and its 200-day moving average is $30.29.

Fidelity Metaverse ETF Increases Dividend

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

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.