Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Increases By 264.3%

Fidelity Metaverse ETF (NASDAQ:FMET) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 5,100 shares, a growth of 264.3% from the October 15th total of 1,400 shares. Based on an average daily volume of 4,600 shares, the short-interest ratio is currently 1.1 days.

Fidelity Metaverse ETF Trading Down 0.4 %

Shares of NASDAQ:FMET traded down $0.13 on Tuesday, reaching $30.12. 11,366 shares of the company were exchanged, compared to its average volume of 7,318. The company has a 50-day moving average of $29.69 and a 200-day moving average of $29.69. The firm has a market cap of $33.13 million, a price-to-earnings ratio of 30.10 and a beta of -1.32. Fidelity Metaverse ETF has a 1-year low of $25.57 and a 1-year high of $32.10.

Fidelity Metaverse ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 20th were issued a $0.012 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.05 dividend on an annualized basis and a yield of 0.16%.

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.