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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 78,500 shares, a decrease of 48.6% from the January 31st total of 152,800 shares. Based on an average daily trading volume, of 298,600 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity NASDAQ Composite Index ETF Stock Performance

ONEQ opened at $74.26 on Friday. The firm has a market cap of $7.42 billion, a P/E ratio of 33.15 and a beta of 1.13. The firm has a 50-day moving average of $77.14 and a 200 day moving average of $74.22. Fidelity NASDAQ Composite Index ETF has a fifty-two week low of $59.98 and a fifty-two week high of $79.75.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were given a dividend of $0.168 per share. The ex-dividend date was Friday, December 20th. This represents a $0.67 annualized dividend and a yield of 0.90%. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Fidelity NASDAQ Composite Index ETF by 12.7% during the third quarter. FMR LLC now owns 912,041 shares of the company’s stock worth $65,302,000 after purchasing an additional 102,970 shares during the period. Brookstone Capital Management boosted its position in Fidelity NASDAQ Composite Index ETF by 74.2% during the fourth quarter. Brookstone Capital Management now owns 6,040 shares of the company’s stock worth $459,000 after purchasing an additional 2,573 shares during the period. Fifth Third Bancorp bought a new position in Fidelity NASDAQ Composite Index ETF during the fourth quarter worth about $38,000. Gimbal Financial boosted its position in Fidelity NASDAQ Composite Index ETF by 4.2% during the fourth quarter. Gimbal Financial now owns 86,694 shares of the company’s stock worth $6,594,000 after purchasing an additional 3,455 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Fidelity NASDAQ Composite Index ETF by 16.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,287 shares of the company’s stock worth $478,000 after purchasing an additional 905 shares during the period.

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.