Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Stock Short Interest Drops 40.9%

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 71,879 shares, a drop of 40.9% from the August 31st total of 121,677 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 196,010 shares, the days-to-cover ratio is presently 0.4 days.

Fidelity NASDAQ Composite Index ETF Trading Up 1.0%

NASDAQ:ONEQ traded up $1.08 during trading hours on Wednesday, hitting $106.62. The stock had a trading volume of 81,608 shares, compared to its average volume of 335,323. The business has a 50 day simple moving average of $103.37 and a two-hundred day simple moving average of $99.81. The company has a market cap of $11.02 billion, a PE ratio of 28.20 and a beta of 1.22. Fidelity NASDAQ Composite Index ETF has a 1-year low of $81.45 and a 1-year high of $107.51.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Friday, September 18th were issued a $0.1120 dividend. This is a decrease from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.1430. This represents a $0.45 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 18th.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ONEQ. Corient Private Wealth LP lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 1.0% in the 2nd quarter. Corient Private Wealth LP now owns 11,912 shares of the company’s stock valued at $1,230,000 after purchasing an additional 116 shares during the period. Accredited Investors Inc. boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 2.9% during the first quarter. Accredited Investors Inc. now owns 4,550 shares of the company’s stock worth $386,000 after purchasing an additional 130 shares in the last quarter. Focused Wealth Management Inc boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 0.3% during the first quarter. Focused Wealth Management Inc now owns 40,568 shares of the company’s stock worth $3,445,000 after purchasing an additional 138 shares in the last quarter. Verus Capital Partners LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 2.3% in the 4th quarter. Verus Capital Partners LLC now owns 6,642 shares of the company’s stock valued at $607,000 after buying an additional 152 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 27.7% in the 1st quarter. Assetmark Inc. now owns 803 shares of the company’s stock valued at $68,000 after buying an additional 174 shares during the period.

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.