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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw a large decrease in short interest in the month of 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 volume of 337,334 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Fidelity NASDAQ Composite Index ETF Trading Up 3.0%

Shares of Fidelity NASDAQ Composite Index ETF stock traded up $3.11 during trading hours on Monday, reaching $105.15. 704,704 shares of the company’s stock were exchanged, compared to its average volume of 384,753. Fidelity NASDAQ Composite Index ETF has a 52-week low of $75.98 and a 52-week high of $107.07. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21. The company has a fifty day moving average of $99.49 and a 200-day moving average of $93.58.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were given a $0.111 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, March 20th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. LPL Financial LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 7.8% in the 4th quarter. LPL Financial LLC now owns 1,201,414 shares of the company’s stock worth $109,809,000 after buying an additional 86,467 shares during the period. Wealthfront Advisers LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 6.3% in the 4th quarter. Wealthfront Advisers LLC now owns 688,825 shares of the company’s stock worth $62,959,000 after buying an additional 40,983 shares during the period. Bank of America Corp DE raised its position in shares of Fidelity NASDAQ Composite Index ETF by 4.0% in the 2nd quarter. Bank of America Corp DE now owns 569,103 shares of the company’s stock worth $45,585,000 after buying an additional 21,951 shares during the period. Lebenthal Global Advisors LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 42.4% in the 4th quarter. Lebenthal Global Advisors LLC now owns 521,216 shares of the company’s stock worth $47,639,000 after buying an additional 155,262 shares during the period. Finally, Kestra Advisory Services LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 21.4% in the 1st quarter. Kestra Advisory Services LLC now owns 510,241 shares of the company’s stock worth $43,325,000 after buying an additional 89,794 shares during the period.

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.