Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Up 1,033.3% in January

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 10,200 shares, a growth of 1,033.3% from the January 15th total of 900 shares. Based on an average daily trading volume, of 8,100 shares, the short-interest ratio is currently 1.3 days.

Fidelity Metaverse ETF Stock Performance

Fidelity Metaverse ETF stock traded up $0.24 during trading on Friday, reaching $32.27. The company had a trading volume of 1,203 shares, compared to its average volume of 6,304. The firm’s 50-day simple moving average is $30.76 and its 200 day simple moving average is $30.01. The firm has a market capitalization of $35.50 million, a PE ratio of 30.10 and a beta of -1.32. Fidelity Metaverse ETF has a 1-year low of $26.32 and a 1-year high of $32.34.

Fidelity Metaverse ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Friday, December 20th were paid a dividend of $0.057 per share. The ex-dividend date was Friday, December 20th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.71%. This is a boost 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.