Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Short Interest Update

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 71,879 shares, a drop of 40.9% from the August 31st total of 121,677 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 196,010 shares, the days-to-cover ratio is currently 0.4 days.

Fidelity NASDAQ Composite Index ETF Trading Up 1.0%

Shares of NASDAQ ONEQ traded up $1.08 during midday trading on Wednesday, reaching $106.62. The company’s stock had a trading volume of 81,608 shares, compared to its average volume of 335,323. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 28.20 and a beta of 1.22. Fidelity NASDAQ Composite Index ETF has a fifty-two week low of $81.45 and a fifty-two week high of $107.51. The stock has a 50 day simple moving average of $103.37 and a 200-day simple moving average of $99.81.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were issued a $0.1120 dividend. This represents a $0.45 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 18th. This is a negative change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.1430.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LP lifted its position in shares of Fidelity NASDAQ Composite Index ETF by 1.0% in the second quarter. Corient Private Wealth LP now owns 11,912 shares of the company’s stock valued at $1,230,000 after buying an additional 116 shares during the last quarter. Accredited Investors Inc. grew its stake in shares of Fidelity NASDAQ Composite Index ETF by 2.9% in the first quarter. Accredited Investors Inc. now owns 4,550 shares of the company’s stock valued at $386,000 after acquiring an additional 130 shares in the last quarter. Focused Wealth Management Inc increased its holdings in shares of Fidelity NASDAQ Composite Index ETF by 0.3% during the first quarter. Focused Wealth Management Inc now owns 40,568 shares of the company’s stock worth $3,445,000 after purchasing an additional 138 shares during the period. Verus Capital Partners LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 2.3% during the 4th quarter. Verus Capital Partners LLC now owns 6,642 shares of the company’s stock worth $607,000 after acquiring an additional 152 shares during the period. Finally, Assetmark Inc. raised its stake in Fidelity NASDAQ Composite Index ETF by 27.7% in the first quarter. Assetmark Inc. now owns 803 shares of the company’s stock valued at $68,000 after purchasing an additional 174 shares in the last quarter.

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.