Short Interest in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Declines By 43.7%

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 211,762 shares, a decline of 43.7% from the February 12th total of 375,890 shares. Based on an average daily volume of 320,913 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 320,913 shares, the days-to-cover ratio is currently 0.7 days.

Fidelity NASDAQ Composite Index ETF Stock Performance

Shares of ONEQ stock traded down $0.78 during trading hours on Friday, reaching $87.08. The company had a trading volume of 468,088 shares, compared to its average volume of 339,714. Fidelity NASDAQ Composite Index ETF has a twelve month low of $58.12 and a twelve month high of $94.49. The company has a market capitalization of $8.85 billion, a P/E ratio of 28.20 and a beta of 1.15. The stock’s fifty day simple moving average is $90.80 and its 200 day simple moving average is $90.25.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a $0.147 dividend. The ex-dividend date was Friday, December 19th. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ONEQ. ERTS Wealth Advisors LLC purchased a new position in Fidelity NASDAQ Composite Index ETF in the 2nd quarter valued at about $209,000. Ethos Financial Group LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF during the third quarter worth about $645,000. AssuredPartners Investment Advisors LLC lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 305.0% in the third quarter. AssuredPartners Investment Advisors LLC now owns 11,879 shares of the company’s stock worth $1,059,000 after acquiring an additional 8,946 shares in the last quarter. Laurel Wealth Advisors LLC boosted its holdings in Fidelity NASDAQ Composite Index ETF by 7,910.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,204 shares of the company’s stock valued at $257,000 after purchasing an additional 3,164 shares during the last quarter. Finally, Sterling Investment Counsel LLC purchased a new position in Fidelity NASDAQ Composite Index ETF in the third quarter valued at about $933,000.

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.