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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 254,999 shares, a growth of 29.7% from the January 15th total of 196,583 shares. Based on an average trading volume of 321,136 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 321,136 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 494.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 329,154 shares of the company’s stock valued at $30,085,000 after acquiring an additional 273,803 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in Fidelity NASDAQ Composite Index ETF during the third quarter worth approximately $15,934,000. Steward Partners Investment Advisory LLC raised its stake in Fidelity NASDAQ Composite Index ETF by 1,379.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 188,842 shares of the company’s stock valued at $15,126,000 after buying an additional 176,075 shares during the period. Lebenthal Global Advisors LLC increased its holdings in shares of Fidelity NASDAQ Composite Index ETF by 42.4% in the fourth quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock valued at $47,639,000 after purchasing an additional 155,262 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Fidelity NASDAQ Composite Index ETF by 12.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,419,678 shares of the company’s stock valued at $113,716,000 after buying an additional 154,160 shares during the last quarter.

Fidelity NASDAQ Composite Index ETF Price Performance

ONEQ traded up $0.09 during trading on Tuesday, reaching $88.84. The company had a trading volume of 262,022 shares, compared to its average volume of 324,399. The company has a market cap of $9.03 billion, a P/E ratio of 28.20 and a beta of 1.15. Fidelity NASDAQ Composite Index ETF has a 12 month low of $58.12 and a 12 month high of $94.49. The business’s fifty day moving average price is $91.69 and its 200 day moving average price is $89.65.

Fidelity NASDAQ Composite Index ETF Increases Dividend

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

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.