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

Fidelity Nasdaq Composite Index ETF (NASDAQ:ONEQ) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 108,300 shares, an increase of 501.7% from the September 15th total of 18,000 shares. Based on an average daily trading volume, of 237,600 shares, the short-interest ratio is currently 0.5 days.

NASDAQ:ONEQ opened at $56.66 on Thursday. Fidelity Nasdaq Composite Index ETF has a 52 week low of $42.11 and a 52 week high of $59.89. The firm has a 50-day moving average price of $57.87 and a two-hundred day moving average price of $82.09.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 22nd. Shareholders of record on Monday, September 20th were paid a $0.087 dividend. This is a positive change from Fidelity Nasdaq Composite Index ETF’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, September 17th. This represents a $0.35 annualized dividend and a yield of 0.61%.

A number of large investors have recently bought and sold shares of the business. CHURCHILL MANAGEMENT Corp purchased a new stake in Fidelity Nasdaq Composite Index ETF in the 3rd quarter valued at about $4,851,000. Ayalon Holdings Ltd. increased its stake in shares of Fidelity Nasdaq Composite Index ETF by 27.8% during the 3rd quarter. Ayalon Holdings Ltd. now owns 52,809 shares of the company’s stock worth $2,991,000 after purchasing an additional 11,482 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Fidelity Nasdaq Composite Index ETF during the 3rd quarter worth approximately $64,000. CRA Financial Services LLC increased its stake in shares of Fidelity Nasdaq Composite Index ETF by 1.6% during the 3rd quarter. CRA Financial Services LLC now owns 32,042 shares of the company’s stock worth $1,800,000 after purchasing an additional 497 shares during the last quarter. Finally, FOCUS Wealth Advisors LLC increased its stake in shares of Fidelity Nasdaq Composite Index ETF by 6.3% during the 3rd quarter. FOCUS Wealth Advisors LLC now owns 280,139 shares of the company’s stock worth $15,738,000 after purchasing an additional 16,514 shares during 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.

Further Reading: What is the QQQ ETF?

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