Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Significant Decrease in Short Interest

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 86,347 shares, a decline of 66.2% from the June 30th total of 255,763 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 258,837 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity NASDAQ Composite Index ETF Stock Performance

Fidelity NASDAQ Composite Index ETF stock opened at $98.35 on Friday. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21. Fidelity NASDAQ Composite Index ETF has a 52-week low of $80.76 and a 52-week high of $107.07. The stock’s 50 day moving average price is $102.65 and its two-hundred day moving average price is $95.58.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 18th were given a dividend of $0.143 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, June 18th. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Investors Research Corp acquired a new stake in Fidelity NASDAQ Composite Index ETF in the second quarter worth $38,000. Heck Capital Advisors LLC raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 1.8% during the second quarter. Heck Capital Advisors LLC now owns 596,957 shares of the company’s stock valued at $61,618,000 after purchasing an additional 10,295 shares during the period. LVM Capital Management Ltd. MI acquired a new position in shares of Fidelity NASDAQ Composite Index ETF during the second quarter valued at about $235,000. Allied Private Wealth LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter worth about $52,000. Finally, Arista Wealth Management LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter worth about $242,000.

Fidelity NASDAQ Composite Index ETF Company Profile

Fidelity Nasdaq Composite Index Tracking Stock (the Fund) is an exchange-traded fund . The Fund seeks to provide investment returns that closely correspond to the price and yield performance of the NASDAQ Composite Index (the Index). The Fund normally invests at least 80% of assets in common stocks included in the Index .The NASDAQ Composite Index is a market capitalization-weighted index that is designed to represent the performance of NASDAQ securities and includes over 3,000 stocks. The Fund uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the index that have a similar investment profile to the entire the Index.