Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Short Interest Up 62.7% in August

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 121,677 shares, a growth of 62.7% from the August 15th total of 74,800 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 188,286 shares, the short-interest ratio is presently 0.6 days.

Fidelity NASDAQ Composite Index ETF Stock Up 1.7%

NASDAQ:ONEQ opened at $104.19 on Friday. The company has a market cap of $10.81 billion, a P/E ratio of 28.20 and a beta of 1.22. Fidelity NASDAQ Composite Index ETF has a twelve month low of $81.45 and a twelve month high of $107.07. The business has a 50 day moving average price of $102.72 and a two-hundred day moving average price of $98.86.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th will be given a $0.112 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ONEQ. Montgomery Financial Services LLC bought a new stake in Fidelity NASDAQ Composite Index ETF during the 2nd quarter worth about $36,000. Investors Research Corp bought a new position in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter valued at about $38,000. Schuylkill Financial LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter valued at about $49,000. Allied Private Wealth LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter valued at about $52,000. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at about $69,000.

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.