Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Large Increase in Short Interest

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 375,890 shares, an increase of 47.4% from the January 29th total of 254,999 shares. Based on an average daily trading volume, of 356,139 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 356,139 shares, the days-to-cover ratio is currently 1.1 days.

Fidelity NASDAQ Composite Index ETF Stock Performance

NASDAQ:ONEQ traded down $0.84 during mid-day trading on Friday, hitting $89.22. 336,961 shares of the company’s stock traded hands, compared to its average volume of 328,973. The company has a fifty day moving average of $91.45 and a 200 day moving average of $89.95. Fidelity NASDAQ Composite Index ETF has a twelve month low of $58.12 and a twelve month high of $94.49. The company has a market capitalization of $9.06 billion, a P/E ratio of 28.20 and a beta of 1.15.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 19th were given a $0.147 dividend. This represents a $0.59 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, December 19th. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.14.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

Several large investors have recently bought and sold shares of ONEQ. Flagship Harbor Advisors LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF in the fourth quarter worth $26,000. Newbridge Financial Services Group Inc. increased its position in shares of Fidelity NASDAQ Composite Index ETF by 57.9% in the 4th 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 during the period. Clearstead Advisors LLC purchased a new position in Fidelity NASDAQ Composite Index ETF in the 3rd quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Fidelity NASDAQ Composite Index ETF by 442.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $35,000 after acquiring an additional 310 shares during the period. Finally, Prosperity Bancshares Inc acquired a new stake in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth about $37,000.

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.