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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 253,447 shares, an increase of 90.8% from the April 30th total of 132,830 shares. Based on an average daily trading volume, of 364,069 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

Fidelity NASDAQ Composite Index ETF Stock Performance

ONEQ stock opened at $106.64 on Tuesday. Fidelity NASDAQ Composite Index ETF has a 1 year low of $74.80 and a 1 year high of $107.07. The firm has a market cap of $10.85 billion, a P/E ratio of 28.20 and a beta of 1.21. The stock has a 50-day simple moving average of $95.85 and a 200-day simple moving average of $92.61.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

A number of large investors have recently modified their holdings of the stock. Assetmark Inc. grew its stake in Fidelity NASDAQ Composite Index ETF by 31.2% during the 3rd quarter. Assetmark Inc. now owns 505 shares of the company’s stock valued at $45,000 after purchasing an additional 120 shares in the last quarter. Private Advisor Group LLC grew its stake in Fidelity NASDAQ Composite Index ETF by 0.6% during the 3rd quarter. Private Advisor Group LLC now owns 19,862 shares of the company’s stock valued at $1,770,000 after purchasing an additional 123 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake 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 valued at $31,000 after purchasing an additional 125 shares in the last quarter. Accredited Investors Inc. grew its stake in Fidelity NASDAQ Composite Index ETF by 2.9% during the 1st quarter. Accredited Investors Inc. now owns 4,550 shares of the company’s stock valued at $386,000 after purchasing an additional 130 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in Fidelity NASDAQ Composite Index ETF by 0.3% during the 3rd quarter. Moors & Cabot Inc. now owns 48,648 shares of the company’s stock valued at $4,336,000 after purchasing an additional 136 shares in the last quarter.

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.