Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Significant Decrease in Short Interest

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 130,800 shares, a drop of 67.0% from the December 31st total of 396,100 shares. Based on an average daily trading volume, of 272,000 shares, the short-interest ratio is currently 0.5 days.

Fidelity NASDAQ Composite Index ETF Stock Performance

Fidelity NASDAQ Composite Index ETF stock traded up $1.58 during trading on Tuesday, reaching $77.72. The company had a trading volume of 325,351 shares, compared to its average volume of 336,438. Fidelity NASDAQ Composite Index ETF has a 12-month low of $59.71 and a 12-month high of $79.75. The stock’s 50 day moving average price is $77.02 and its two-hundred day moving average price is $72.83. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 33.60 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Friday, December 20th were paid a dividend of $0.168 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11. This represents a $0.67 annualized dividend and a dividend yield of 0.86%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ONEQ. FMR LLC grew its holdings in shares of Fidelity NASDAQ Composite Index ETF by 12.7% during the 3rd quarter. FMR LLC now owns 912,041 shares of the company’s stock worth $65,302,000 after purchasing an additional 102,970 shares during the period. Brookstone Capital Management raised its stake in shares of Fidelity NASDAQ Composite Index ETF by 74.2% in the 4th quarter. Brookstone Capital Management now owns 6,040 shares of the company’s stock valued at $459,000 after acquiring an additional 2,573 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 7,059.0% during the 3rd quarter. International Assets Investment Management LLC now owns 70,731 shares of the company’s stock valued at $50,640,000 after acquiring an additional 69,743 shares in the last quarter. Verity Asset Management Inc. boosted its position in Fidelity NASDAQ Composite Index ETF by 8.5% during the 3rd quarter. Verity Asset Management Inc. now owns 14,016 shares of the company’s stock worth $1,004,000 after purchasing an additional 1,098 shares during the period. Finally, Cerity Partners LLC increased its holdings in Fidelity NASDAQ Composite Index ETF by 6.4% in the 3rd quarter. Cerity Partners LLC now owns 19,731 shares of the company’s stock valued at $1,413,000 after purchasing an additional 1,188 shares in the last quarter.

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.