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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 211,762 shares, a decrease of 43.7% from the February 12th total of 375,890 shares. Based on an average daily trading volume, of 320,913 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 320,913 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONEQ. Northwestern Mutual Wealth Management Co. increased its holdings in 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 purchasing an additional 273,803 shares in the last quarter. Align Financial LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the fourth quarter valued at approximately $27,128,000. Thrivent Financial for Lutherans purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the third quarter valued at approximately $15,934,000. Steward Partners Investment Advisory LLC grew its holdings in Fidelity NASDAQ Composite Index ETF by 1,379.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 188,842 shares of the company’s stock worth $15,126,000 after buying an additional 176,075 shares in the last quarter. Finally, Lebenthal Global Advisors LLC grew its holdings in Fidelity NASDAQ Composite Index ETF by 42.4% during the fourth quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock worth $47,639,000 after buying an additional 155,262 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Performance

Shares of Fidelity NASDAQ Composite Index ETF stock traded down $1.25 during trading hours on Thursday, reaching $88.20. The company’s stock had a trading volume of 221,876 shares, compared to its average volume of 335,043. The company has a market capitalization of $8.96 billion, a P/E ratio of 28.20 and a beta of 1.15. The stock’s fifty day simple moving average is $90.96 and its two-hundred day simple moving average is $90.21. Fidelity NASDAQ Composite Index ETF has a one year low of $58.12 and a one year high of $94.49.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were given a $0.147 dividend. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.14.

About Fidelity NASDAQ Composite Index ETF

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.