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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 176,093 shares, a decrease of 23.1% from the December 15th total of 229,079 shares. Based on an average daily volume of 232,877 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 232,877 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Large investors have recently made changes to their positions in the company. ERTS Wealth Advisors LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF in the second quarter valued at approximately $209,000. Ethos Financial Group LLC bought a new stake in Fidelity NASDAQ Composite Index ETF during the 3rd quarter valued at $645,000. AssuredPartners Investment Advisors LLC lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 305.0% in the 3rd quarter. AssuredPartners Investment Advisors LLC now owns 11,879 shares of the company’s stock worth $1,059,000 after buying an additional 8,946 shares during the period. Laurel Wealth Advisors LLC raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 7,910.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,204 shares of the company’s stock valued at $257,000 after acquiring an additional 3,164 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 3.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,529 shares of the company’s stock valued at $443,000 after acquiring an additional 168 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Performance

NASDAQ ONEQ opened at $92.46 on Tuesday. The business’s 50 day moving average price is $91.58 and its 200-day moving average price is $88.29. Fidelity NASDAQ Composite Index ETF has a fifty-two week low of $58.12 and a fifty-two week high of $94.49. The company has a market cap of $9.44 billion, a P/E ratio of 28.20 and a beta of 1.15.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a $0.147 dividend. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.14. This represents a $0.59 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, December 19th.

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.