Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Short Interest Update

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

Fidelity NASDAQ Composite Index ETF Stock Performance

NASDAQ:ONEQ traded up $1.23 during trading hours on Friday, hitting $107.13. 292,757 shares of the company’s stock traded hands, compared to its average volume of 334,850. Fidelity NASDAQ Composite Index ETF has a twelve month low of $81.45 and a twelve month high of $107.76. The firm has a market cap of $11.08 billion, a P/E ratio of 28.20 and a beta of 1.22. The stock’s fifty day moving average price is $103.60 and its two-hundred day moving average price is $100.07.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

A number of large investors have recently added to or reduced their stakes in ONEQ. Keenan LLC bought a new stake in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter valued at $6,082,000. Secure Asset Management LLC acquired a new position in shares of Fidelity NASDAQ Composite Index ETF during the 2nd quarter worth approximately $3,823,000. Commonwealth Financial Services LLC raised its holdings in Fidelity NASDAQ Composite Index ETF by 6.8% in the 1st quarter. Commonwealth Financial Services LLC now owns 145,768 shares of the company’s stock valued at $12,377,000 after acquiring an additional 9,330 shares in the last quarter. Fortune Financial Group Inc. bought a new position in Fidelity NASDAQ Composite Index ETF in the 4th quarter valued at about $1,376,000. Finally, Prasad Wealth Partners LLC boosted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 2.3% in the 1st quarter. Prasad Wealth Partners LLC now owns 253,916 shares of the company’s stock valued at $21,560,000 after purchasing an additional 5,730 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.