Short Interest in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Drops By 55.5%

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 132,830 shares, a decline of 55.5% from the April 15th total of 298,669 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 364,530 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Hedge funds have recently bought and sold shares of the business. Flagship Harbor Advisors LLC purchased a new position in Fidelity NASDAQ Composite Index ETF in the 4th quarter worth about $26,000. Newbridge Financial Services Group Inc. raised its position in Fidelity NASDAQ Composite Index ETF by 57.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Fidelity NASDAQ Composite Index ETF by 442.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $35,000 after buying an additional 310 shares during the last quarter. Clearstead Advisors LLC purchased a new position in Fidelity NASDAQ Composite Index ETF in the 3rd quarter worth about $34,000. Finally, Prosperity Bancshares Inc purchased a new position in Fidelity NASDAQ Composite Index ETF in the 4th quarter worth about $37,000.

Fidelity NASDAQ Composite Index ETF Price Performance

NASDAQ:ONEQ traded down $1.45 during trading hours on Friday, hitting $103.44. The company had a trading volume of 313,158 shares, compared to its average volume of 358,253. Fidelity NASDAQ Composite Index ETF has a 52 week low of $73.11 and a 52 week high of $105.12. The company has a market capitalization of $10.52 billion, a PE ratio of 28.20 and a beta of 1.21. The stock has a 50-day moving average price of $92.33 and a 200 day moving average price of $91.71.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were paid a $0.111 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%.

Fidelity NASDAQ Composite Index ETF Company Profile

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.