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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 253,447 shares, a growth of 90.8% from the April 30th total of 132,830 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 364,069 shares, the days-to-cover ratio is currently 0.7 days.

Fidelity NASDAQ Composite Index ETF Price Performance

Shares of NASDAQ:ONEQ opened at $106.64 on Tuesday. The firm has a market capitalization of $10.85 billion, a PE ratio of 28.20 and a beta of 1.21. The business has a 50-day moving average of $95.85 and a two-hundred day moving average of $92.61. Fidelity NASDAQ Composite Index ETF has a 12 month low of $74.80 and a 12 month high of $107.07.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ONEQ. Brighton Jones LLC increased its stake in Fidelity NASDAQ Composite Index ETF by 72.6% during the fourth quarter. Brighton Jones LLC now owns 5,117 shares of the company’s stock worth $389,000 after acquiring an additional 2,153 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the first quarter valued at about $475,000. Integrated Wealth Concepts LLC grew its stake in shares of Fidelity NASDAQ Composite Index ETF by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 5,072 shares of the company’s stock valued at $345,000 after buying an additional 525 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the first quarter valued at about $3,330,000. Finally, Marshall Wace LLP acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the second quarter valued at about $335,000.

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.