Short Interest in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Decreases By 41.3%

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 148,854 shares, a drop of 41.3% from the May 14th total of 253,447 shares. Based on an average trading volume of 337,334 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Fidelity NASDAQ Composite Index ETF Stock Performance

ONEQ stock traded down $1.07 during mid-day trading on Tuesday, hitting $104.08. 276,411 shares of the company were exchanged, compared to its average volume of 383,817. The firm has a market cap of $10.58 billion, a P/E ratio of 28.20 and a beta of 1.21. The firm’s 50 day simple moving average is $99.85 and its 200 day simple moving average is $93.67. Fidelity NASDAQ Composite Index ETF has a 1-year low of $75.98 and a 1-year high of $107.07.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Institutional Trading of Fidelity NASDAQ Composite Index ETF

Hedge funds have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth approximately $26,000. Newbridge Financial Services Group Inc. raised its holdings in Fidelity NASDAQ Composite Index ETF by 57.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the period. Clearstead Advisors LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Fidelity NASDAQ Composite Index ETF by 442.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $35,000 after buying an additional 310 shares during the period. Finally, Prosperity Bancshares Inc acquired a new stake in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth approximately $37,000.

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.