Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Up 30.3% in February

Fidelity Metaverse ETF (NASDAQ:FMET) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 8,600 shares, an increase of 30.3% from the February 13th total of 6,600 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is currently 1.2 days.

Fidelity Metaverse ETF Trading Down 2.0 %

Fidelity Metaverse ETF stock traded down $0.60 during mid-day trading on Tuesday, hitting $29.01. The stock had a trading volume of 6,589 shares, compared to its average volume of 6,470. The firm’s 50 day moving average is $30.72 and its 200 day moving average is $30.29. The firm has a market capitalization of $31.91 million, a P/E ratio of 27.50 and a beta of -1.32. Fidelity Metaverse ETF has a one year low of $26.32 and a one year high of $32.90.

Fidelity Metaverse ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were given a dividend of $0.057 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.23 annualized dividend and a dividend yield of 0.79%. This is a boost from Fidelity Metaverse ETF’s previous quarterly dividend of $0.01.

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.