Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Short Interest Up 29.7% in January

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 254,999 shares, a growth of 29.7% from the January 15th total of 196,583 shares. Based on an average trading volume of 321,136 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 321,136 shares, the days-to-cover ratio is currently 0.8 days.

Fidelity NASDAQ Composite Index ETF Stock Performance

Shares of NASDAQ:ONEQ opened at $88.78 on Monday. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 28.20 and a beta of 1.15. Fidelity NASDAQ Composite Index ETF has a 1-year low of $58.12 and a 1-year high of $94.49. The company’s fifty day moving average is $91.85 and its two-hundred day moving average is $89.55.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Friday, December 19th were issued a $0.147 dividend. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.14. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, December 19th.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Several institutional investors have recently made changes to their positions in ONEQ. Assetmark Inc. lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 31.2% in the 3rd quarter. Assetmark Inc. now owns 505 shares of the company’s stock worth $45,000 after purchasing an additional 120 shares during the last quarter. Private Advisor Group LLC lifted its stake in Fidelity NASDAQ Composite Index ETF by 0.6% in the third quarter. Private Advisor Group LLC now owns 19,862 shares of the company’s stock valued at $1,770,000 after buying an additional 123 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 57.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Moors & Cabot Inc. grew its position in shares of Fidelity NASDAQ Composite Index ETF by 0.3% during the third quarter. Moors & Cabot Inc. now owns 48,648 shares of the company’s stock worth $4,336,000 after acquiring an additional 136 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of Fidelity NASDAQ Composite Index ETF by 18.7% during 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.