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

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

Fidelity NASDAQ Composite Index ETF Price Performance

Shares of NASDAQ:ONEQ traded down $1.25 during mid-day trading on Thursday, hitting $88.20. The company had a trading volume of 221,876 shares, compared to its average volume of 335,043. Fidelity NASDAQ Composite Index ETF has a one year low of $58.12 and a one year high of $94.49. The firm has a fifty day moving average price of $90.96 and a 200 day moving average price of $90.21. The company has a market capitalization of $8.96 billion, a PE ratio of 28.20 and a beta of 1.15.

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 paid a $0.147 dividend. This represents a $0.59 annualized dividend and a yield of 0.7%. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 19th.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ONEQ. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity NASDAQ Composite Index ETF by 494.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 329,154 shares of the company’s stock worth $30,085,000 after acquiring an additional 273,803 shares in the last quarter. Align Financial LLC acquired a new position in shares of Fidelity NASDAQ Composite Index ETF during the fourth quarter worth approximately $27,128,000. Thrivent Financial for Lutherans acquired a new position in shares of Fidelity NASDAQ Composite Index ETF during the third quarter worth approximately $15,934,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 1,379.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 188,842 shares of the company’s stock worth $15,126,000 after purchasing an additional 176,075 shares in the last quarter. Finally, Lebenthal Global Advisors LLC grew its position in Fidelity NASDAQ Composite Index ETF by 42.4% in the 4th quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock valued at $47,639,000 after purchasing an additional 155,262 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. 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.