Short Interest in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Decreases By 55.5%

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 132,830 shares, a drop of 55.5% from the April 15th total of 298,669 shares. Based on an average daily volume of 364,530 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Fidelity NASDAQ Composite Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. RMG Wealth Management LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF during the first quarter worth about $76,000. Lido Advisors LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 45.3% during the first quarter. Lido Advisors LLC now owns 48,317 shares of the company’s stock worth $4,103,000 after buying an additional 15,069 shares in the last quarter. B&D White Capital Company LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 0.4% during the first quarter. B&D White Capital Company LLC now owns 53,508 shares of the company’s stock worth $4,543,000 after buying an additional 190 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 4.3% during the first quarter. Cetera Investment Advisers now owns 137,528 shares of the company’s stock worth $11,677,000 after buying an additional 5,636 shares in the last quarter. Finally, Wealthspire Retirement LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 6.8% during the first quarter. Wealthspire Retirement LLC now owns 468,223 shares of the company’s stock worth $39,757,000 after buying an additional 29,709 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Performance

NASDAQ:ONEQ traded down $1.45 during mid-day trading on Friday, hitting $103.44. 313,158 shares of the company’s stock traded hands, compared to its average volume of 358,253. The firm’s 50 day simple moving average is $92.33 and its 200 day simple moving average is $91.71. Fidelity NASDAQ Composite Index ETF has a 1 year low of $73.11 and a 1 year high of $105.12. The company has a market cap of $10.52 billion, a PE ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

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