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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 253,447 shares, a growth of 90.8% from the April 30th total of 132,830 shares. Based on an average daily trading volume, of 364,069 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

Fidelity NASDAQ Composite Index ETF Stock Down 0.9%

Shares of NASDAQ ONEQ opened at $105.79 on Thursday. The stock’s 50 day moving average price is $96.67 and its two-hundred day moving average price is $92.83. Fidelity NASDAQ Composite Index ETF has a 52-week low of $75.68 and a 52-week high of $107.07. The stock has a market capitalization of $10.76 billion, a P/E ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were given a dividend of $0.111 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, March 20th.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ONEQ. HUB Investment Partners LLC increased its position in Fidelity NASDAQ Composite Index ETF by 101.4% in the 3rd quarter. HUB Investment Partners LLC now owns 14,251 shares of the company’s stock valued at $1,270,000 after acquiring an additional 7,176 shares during the period. AE Wealth Management LLC increased its position in Fidelity NASDAQ Composite Index ETF by 7.5% in the 4th quarter. AE Wealth Management LLC now owns 82,005 shares of the company’s stock valued at $7,495,000 after acquiring an additional 5,756 shares during the period. RiverTree Advisors LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF in the 4th quarter valued at approximately $1,476,000. Modera Wealth Management LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF in the 4th quarter valued at approximately $728,000. Finally, Brighton Jones LLC increased its position in Fidelity NASDAQ Composite Index ETF by 72.6% in the 4th quarter. Brighton Jones LLC now owns 5,117 shares of the company’s stock valued at $389,000 after acquiring an additional 2,153 shares during the period.

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.