Short Interest in Fidelity Metaverse ETF (NASDAQ:FMET) Expands By 1,500.0%

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,600 shares, a growth of 1,500.0% from the March 15th total of 100 shares. Based on an average daily volume of 6,700 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Fidelity Metaverse ETF Price Performance

Shares of FMET traded up $0.07 during midday trading on Monday, hitting $26.74. The stock had a trading volume of 6,433 shares, compared to its average volume of 6,599. The firm has a market cap of $29.41 million, a price-to-earnings ratio of 20.74 and a beta of -1.32. The company has a 50 day simple moving average of $29.47 and a two-hundred day simple moving average of $30.06. Fidelity Metaverse ETF has a twelve month low of $23.85 and a twelve month high of $32.90.

Fidelity Metaverse ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were paid a dividend of $0.148 per share. The ex-dividend date of this dividend was Friday, March 21st.

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.