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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 109,659 shares, a decrease of 48.2% from the February 26th total of 211,762 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 380,424 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity NASDAQ Composite Index ETF Price Performance

NASDAQ ONEQ traded down $0.94 on Friday, hitting $83.32. The stock had a trading volume of 212,322 shares, compared to its average volume of 338,040. The business’s fifty day moving average price is $89.70 and its 200 day moving average price is $90.32. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 28.20 and a beta of 1.15. Fidelity NASDAQ Composite Index ETF has a 52-week low of $58.12 and a 52-week high of $94.49.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Institutional Trading of Fidelity NASDAQ Composite Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Fidelity NASDAQ Composite Index ETF by 72.6% in the fourth quarter. Brighton Jones LLC now owns 5,117 shares of the company’s stock valued at $389,000 after acquiring an additional 2,153 shares during the period. AQR Capital Management LLC purchased a new position in Fidelity NASDAQ Composite Index ETF in the first quarter valued at approximately $475,000. Integrated Wealth Concepts LLC grew its position in shares of Fidelity NASDAQ Composite Index ETF by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,072 shares of the company’s stock valued at $345,000 after buying an additional 525 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF in the first quarter valued at $3,330,000. Finally, Global Retirement Partners LLC purchased a new position in Fidelity NASDAQ Composite Index ETF in the 2nd quarter worth about $712,000.

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.