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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 71,879 shares, a decrease of 40.9% from the August 31st total of 121,677 shares. Based on an average trading volume of 196,010 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Fidelity NASDAQ Composite Index ETF Trading Up 0.1%

NASDAQ:ONEQ traded up $0.06 during midday trading on Thursday, reaching $105.90. The company had a trading volume of 198,962 shares, compared to its average volume of 335,084. Fidelity NASDAQ Composite Index ETF has a 12-month low of $81.45 and a 12-month high of $107.51. The stock’s fifty day simple moving average is $103.46 and its 200-day simple moving average is $99.94. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 28.20 and a beta of 1.22.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were given a dividend of $0.1120 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.4%. This is a decrease from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.1430. The ex-dividend date was Friday, September 18th.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

A number of hedge funds have recently added to or reduced their stakes in ONEQ. Montgomery Financial Services LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF in the 2nd quarter valued at approximately $36,000. Investors Research Corp purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF in the second quarter valued at approximately $38,000. Schuylkill Financial LLC acquired a new position in Fidelity NASDAQ Composite Index ETF during the second quarter worth $49,000. Allied Private Wealth LLC purchased a new position in Fidelity NASDAQ Composite Index ETF in the second quarter worth $52,000. Finally, Assetmark Inc. boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 27.7% during the 1st quarter. Assetmark Inc. now owns 803 shares of the company’s stock worth $68,000 after purchasing an additional 174 shares in the last quarter.

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.