Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Short Interest Up 47.4% in February

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 375,890 shares, an increase of 47.4% from the January 29th total of 254,999 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 356,139 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 356,139 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in Fidelity NASDAQ Composite Index ETF in the 4th quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Fidelity NASDAQ Composite Index ETF by 57.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 341 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Fidelity NASDAQ Composite Index ETF by 442.9% in the fourth 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 in the last quarter. Clearstead Advisors LLC acquired a new position in Fidelity NASDAQ Composite Index ETF during the third quarter worth $34,000. Finally, Prosperity Bancshares Inc bought a new position in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at $37,000.

Fidelity NASDAQ Composite Index ETF Stock Performance

ONEQ stock traded down $1.21 during midday trading on Tuesday, hitting $88.32. 252,865 shares of the company’s stock were exchanged, compared to its average volume of 334,731. Fidelity NASDAQ Composite Index ETF has a one year low of $58.12 and a one year high of $94.49. The company has a market cap of $8.97 billion, a PE ratio of 28.20 and a beta of 1.15. The stock’s fifty day moving average price is $91.40 and its 200-day moving average price is $90.01.

Fidelity NASDAQ Composite Index ETF Increases Dividend

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

Fidelity NASDAQ Composite Index ETF Company Profile

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.