Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Short Interest Down 41.3% in May

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 337,334 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity NASDAQ Composite Index ETF by 494.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 329,154 shares of the company’s stock valued at $30,085,000 after acquiring an additional 273,803 shares during the last quarter. Align Financial LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF during the 4th quarter worth approximately $27,128,000. Lebenthal Global Advisors LLC increased its position in Fidelity NASDAQ Composite Index ETF by 42.4% during the 4th quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock worth $47,639,000 after purchasing an additional 155,262 shares in the last quarter. Coastline Complete Wealth LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF during the 1st quarter worth approximately $8,602,000. Finally, Kestra Advisory Services LLC increased its position in Fidelity NASDAQ Composite Index ETF by 21.4% during the 1st quarter. Kestra Advisory Services LLC now owns 510,241 shares of the company’s stock worth $43,325,000 after purchasing an additional 89,794 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Trading Down 1.0%

NASDAQ:ONEQ opened at $104.08 on Wednesday. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21. The company’s 50-day moving average is $99.85 and its two-hundred day moving average is $93.67. Fidelity NASDAQ Composite Index ETF has a 12-month low of $75.98 and a 12-month high of $107.07.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were issued a $0.111 dividend. This represents a $0.44 dividend on an annualized basis 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.