Short Interest in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Expands By 36.9%

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 298,669 shares, a growth of 36.9% from the March 31st total of 218,244 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 399,232 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ONEQ. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity NASDAQ Composite Index ETF by 494.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 329,154 shares of the company’s stock worth $30,085,000 after buying an additional 273,803 shares during the last quarter. Align Financial LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth about $27,128,000. Thrivent Financial for Lutherans purchased a new stake in Fidelity NASDAQ Composite Index ETF during the 3rd quarter worth about $15,934,000. Lebenthal Global Advisors LLC increased its position in Fidelity NASDAQ Composite Index ETF by 42.4% during the 4th quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock worth $47,639,000 after purchasing an additional 155,262 shares in the last quarter. Finally, LPL Financial LLC increased its position in Fidelity NASDAQ Composite Index ETF by 7.8% during the 4th quarter. LPL Financial LLC now owns 1,201,414 shares of the company’s stock worth $109,809,000 after purchasing an additional 86,467 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Trading Down 0.9%

Shares of NASDAQ:ONEQ traded down $0.87 during midday trading on Tuesday, hitting $97.12. 304,029 shares of the stock were exchanged, compared to its average volume of 361,510. The stock has a market cap of $9.86 billion, a P/E ratio of 28.20 and a beta of 1.18. Fidelity NASDAQ Composite Index ETF has a twelve month low of $66.64 and a twelve month high of $98.08. The company has a 50 day moving average price of $89.50 and a 200-day moving average price of $90.71.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were paid a dividend of $0.111 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, March 20th.

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.