Fidelity Metaverse ETF (NASDAQ:FMET) Sees Large Decline in Short Interest

Fidelity Metaverse ETF (NASDAQ:FMET) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 100 shares, a decrease of 93.8% from the March 31st total of 1,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 6,200 shares, the days-to-cover ratio is presently 0.0 days.

Fidelity Metaverse ETF Stock Performance

NASDAQ:FMET traded down $0.08 during mid-day trading on Monday, reaching $27.94. The stock had a trading volume of 1,512 shares, compared to its average volume of 6,092. The stock has a market capitalization of $29.33 million, a P/E ratio of 23.08 and a beta of 1.08. Fidelity Metaverse ETF has a one year low of $23.86 and a one year high of $32.90. The firm has a 50 day moving average price of $28.42 and a two-hundred day moving average price of $29.82.

Fidelity Metaverse ETF Dividend Announcement

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

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.