(FMET) Fidelity Metaverse - Ratings and Ratios

The Fidelity® Metaverse ETF (NASDAQ:FMET) is designed to provide exposure to companies that are shaping the Metaverse, a transformative digital ecosystem that integrates virtual and augmented reality, digital platforms, and related infrastructure. The fund typically allocates at least 80% of its assets to securities and depositary receipts included in its underlying index, which tracks a global universe of firms involved in developing, manufacturing, distributing, or selling products and services that enable or operate within the Metaverse. This includes companies across hardware, software, digital platforms, and other enabling technologies. The fund is non-diversified, meaning it may concentrate its holdings in a smaller number of securities.

As of the latest data, FMET has an average trading volume of 5,781 shares over the past 20 days, indicating relatively low liquidity compared to broader market ETFs. Its last price of $29.84 reflects current market sentiment toward Metaverse-related investments. The funds short-term moving averages (SMA 20: $31.28, SMA 50: $30.84) are slightly above its current price, while its long-term SMA 200 ($30.12) suggests a stable trend. The Average True Range (ATR) of 0.52 indicates moderate price volatility.

With assets under management (AUM) of $31.32 million, FMET is a relatively small ETF, which may limit its market impact but also reflects the niche focus of its investment strategy. The funds category classification under Communications highlights its emphasis on technologies and platforms that facilitate connectivity and interaction within the Metaverse.

3-Month Forecast: Based on the technical and fundamental data, FMET is expected to remain range-bound in the near term. The funds price is currently below its key moving averages (SMA 20 and SMA 50), which may act as resistance levels. The low average volume could limit upward momentum, while the modest ATR suggests that price movements will remain relatively contained. Fundamental interest in Metaverse-related technologies may support the fund, but overall, a neutral to slightly bearish outlook is anticipated, with potential consolidation between $29 and $32 over the next three months.