Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Short Interest Update

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 148,854 shares, a decrease of 41.3% from the May 14th total of 253,447 shares. Based on an average daily trading volume, of 337,334 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter worth $26,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 57.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of 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 purchasing an additional 310 shares during the period. Clearstead Advisors LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the 3rd quarter worth $34,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter worth $37,000.

Fidelity NASDAQ Composite Index ETF Stock Performance

ONEQ stock traded up $3.11 on Monday, reaching $105.15. The company had a trading volume of 704,704 shares, compared to its average volume of 384,753. Fidelity NASDAQ Composite Index ETF has a 1 year low of $75.98 and a 1 year high of $107.07. The company’s fifty day moving average is $99.49 and its 200 day moving average is $93.58. The company has a market cap of $10.69 billion, a P/E ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were paid a dividend of $0.111 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend 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.