Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Significant Decrease in Short Interest

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 176,093 shares, a decrease of 23.1% from the December 15th total of 229,079 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 232,877 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 232,877 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

Fidelity NASDAQ Composite Index ETF Stock Down 0.1%

Fidelity NASDAQ Composite Index ETF stock traded down $0.08 during midday trading on Monday, hitting $92.46. The company’s stock had a trading volume of 163,639 shares, compared to its average volume of 287,458. Fidelity NASDAQ Composite Index ETF has a 12 month low of $58.12 and a 12 month high of $94.49. The company has a market capitalization of $9.44 billion, a PE ratio of 28.20 and a beta of 1.15. The stock’s 50-day moving average price is $91.58 and its 200-day moving average price is $88.21.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were issued a dividend of $0.147 per share. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.14. This represents a $0.59 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, December 19th.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. DHJJ Financial Advisors Ltd. raised its stake in Fidelity NASDAQ Composite Index ETF by 531.7% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 379 shares of the company’s stock valued at $30,000 after purchasing an additional 319 shares during the period. Clearstead Advisors LLC acquired a new position in Fidelity NASDAQ Composite Index ETF in the 3rd quarter valued at approximately $34,000. Assetmark Inc. boosted its stake in shares of Fidelity NASDAQ Composite Index ETF by 31.2% during the 3rd quarter. Assetmark Inc. now owns 505 shares of the company’s stock valued at $45,000 after buying an additional 120 shares during the period. Dunhill Financial LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 463.0% during the 3rd quarter. Dunhill Financial LLC now owns 608 shares of the company’s stock valued at $54,000 after acquiring an additional 500 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Fidelity NASDAQ Composite Index ETF by 18.7% in the second quarter. Private Trust Co. NA now owns 890 shares of the company’s stock worth $71,000 after acquiring an additional 140 shares during the last quarter.

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.