Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ – Get Free Report) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 132,830 shares, a decrease of 55.5% from the April 15th total of 298,669 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 364,530 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF
Several hedge funds and other institutional investors have recently made changes to their positions in ONEQ. Flagship Harbor Advisors LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. lifted its position in shares of Fidelity NASDAQ Composite Index ETF by 57.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares in the last quarter. Clearstead Advisors LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF in the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in shares of Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at approximately $37,000.
Fidelity NASDAQ Composite Index ETF Price Performance
ONEQ stock traded down $1.45 during mid-day trading on Friday, reaching $103.44. 313,158 shares of the company’s stock were exchanged, compared to its average volume of 358,253. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21. The stock’s 50 day moving average is $92.33 and its 200 day moving average is $91.71. Fidelity NASDAQ Composite Index ETF has a 12-month low of $73.11 and a 12-month high of $105.12.
Fidelity NASDAQ Composite Index ETF Cuts Dividend
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.
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