Short Interest in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Increases By 99.0%

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 218,244 shares, an increase of 99.0% from the March 15th total of 109,659 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 386,488 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new position in Fidelity NASDAQ Composite Index ETF during the fourth quarter worth $26,000. Newbridge Financial Services Group Inc. boosted its stake in Fidelity NASDAQ Composite Index ETF by 57.9% during the fourth 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. Clearstead Advisors LLC acquired a new position in Fidelity NASDAQ Composite Index ETF during the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Fidelity NASDAQ Composite Index ETF by 442.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock valued at $35,000 after acquiring an additional 310 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at approximately $37,000.

Fidelity NASDAQ Composite Index ETF Price Performance

ONEQ stock traded up $1.13 during trading on Monday, hitting $91.26. 420,143 shares of the company traded hands, compared to its average volume of 352,943. The stock’s 50-day simple moving average is $88.32 and its 200 day simple moving average is $90.27. The company has a market cap of $9.24 billion, a PE ratio of 28.20 and a beta of 1.18. Fidelity NASDAQ Composite Index ETF has a 1 year low of $61.70 and a 1 year high of $94.49.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were given a dividend of $0.111 per share. This represents a $0.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, March 20th.

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.