Short Interest in Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Expands By 38.6%

by · The Markets Daily

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ – Get Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 229,079 shares, an increase of 38.6% from the November 30th total of 165,238 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 270,526 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 270,526 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ONEQ. DHJJ Financial Advisors Ltd. increased its holdings in Fidelity NASDAQ Composite Index ETF by 531.7% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 379 shares of the company’s stock worth $30,000 after acquiring an additional 319 shares in the last quarter. Clearstead Advisors LLC acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the third quarter valued at about $34,000. WPG Advisers LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF during the first quarter worth about $32,000. Assetmark Inc. raised its position in shares of Fidelity NASDAQ Composite Index ETF by 31.2% during 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. Finally, Cape Investment Advisory Inc. lifted its position in shares of Fidelity NASDAQ Composite Index ETF by 621.7% in the first quarter. Cape Investment Advisory Inc. now owns 599 shares of the company’s stock valued at $41,000 after acquiring an additional 516 shares in the last quarter.

Fidelity NASDAQ Composite Index ETF Stock Performance

NASDAQ ONEQ traded down $0.70 during trading hours on Wednesday, reaching $91.40. The stock had a trading volume of 166,592 shares, compared to its average volume of 318,921. Fidelity NASDAQ Composite Index ETF has a 52-week low of $58.12 and a 52-week high of $94.49. The stock has a fifty day moving average of $91.55 and a 200 day moving average of $86.95. The stock has a market cap of $9.23 billion, a P/E ratio of 28.20 and a beta of 1.15.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 19th were paid a $0.147 dividend. The ex-dividend date was Friday, December 19th. 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 dividend yield of 0.6%.

Fidelity NASDAQ Composite Index ETF Company Profile

(Get Free Report)

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.

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