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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 86,347 shares, a decline of 66.2% from the June 30th total of 255,763 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 258,837 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity NASDAQ Composite Index ETF Price Performance

Shares of ONEQ stock traded down $0.18 during trading hours on Tuesday, hitting $98.01. The stock had a trading volume of 305,567 shares, compared to its average volume of 368,821. The stock’s 50-day moving average price is $102.56 and its two-hundred day moving average price is $95.65. Fidelity NASDAQ Composite Index ETF has a one year low of $80.76 and a one year high of $107.07. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 18th were paid a $0.143 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Investors Research Corp purchased a new stake in Fidelity NASDAQ Composite Index ETF during the second quarter valued at $38,000. Heck Capital Advisors LLC increased its holdings in shares of Fidelity NASDAQ Composite Index ETF by 1.8% in the 2nd quarter. Heck Capital Advisors LLC now owns 596,957 shares of the company’s stock worth $61,618,000 after buying an additional 10,295 shares during the last quarter. LVM Capital Management Ltd. MI bought a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter worth about $235,000. Allied Private Wealth LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter valued at about $52,000. Finally, Arista Wealth Management LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter valued at about $242,000.

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.