Fidelity Metaverse ETF (NASDAQ:FMET) Short Interest Up 179.3% in October

Fidelity Metaverse ETF (NASDAQ:FMET) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,100 shares, a growth of 179.3% from the September 30th total of 2,900 shares. Based on an average daily volume of 7,700 shares, the short-interest ratio is currently 1.1 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 7,700 shares, the short-interest ratio is currently 1.1 days.

Fidelity Metaverse ETF Stock Performance

Shares of FMET opened at $38.41 on Friday. Fidelity Metaverse ETF has a 52 week low of $23.85 and a 52 week high of $39.44. The stock has a market capitalization of $49.93 million, a price-to-earnings ratio of 23.47 and a beta of 1.13. The stock has a fifty day moving average of $37.40 and a 200-day moving average of $34.00.

Fidelity Metaverse ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 19th were issued a $0.027 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, September 19th.

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.