Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 121,677 shares, an increase of 62.7% from the August 15th total of 74,800 shares. Based on an average trading volume of 188,286 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Trading of Fidelity NASDAQ Composite Index ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in Fidelity NASDAQ Composite Index ETF by 1.2% during the second quarter. IFP Advisors Inc now owns 26,975 shares of the company’s stock valued at $2,784,000 after buying an additional 332 shares during the last quarter. Corient Private Wealth LP grew its stake in shares of Fidelity NASDAQ Composite Index ETF by 1.0% in the second quarter. Corient Private Wealth LP now owns 11,912 shares of the company’s stock worth $1,230,000 after acquiring an additional 116 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Fidelity NASDAQ Composite Index ETF by 38.1% during the second quarter. Ameritas Advisory Services LLC now owns 7,575 shares of the company’s stock valued at $782,000 after acquiring an additional 2,088 shares in the last quarter. Schuylkill Financial LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the second quarter valued at $49,000. Finally, Compass Financial Management LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter worth about $212,000.
Fidelity NASDAQ Composite Index ETF Price Performance
NASDAQ:ONEQ traded up $1.72 during mid-day trading on Thursday, hitting $104.19. 217,816 shares of the company’s stock were exchanged, compared to its average volume of 342,272. The company has a market cap of $10.81 billion, a PE ratio of 28.20 and a beta of 1.22. Fidelity NASDAQ Composite Index ETF has a one year low of $81.45 and a one year high of $107.07. The business has a fifty day moving average price of $102.70 and a 200 day moving average price of $98.76.
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.
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