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 in 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 volume of 272,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ONEQ. Newbridge Financial Services Group Inc. acquired a new stake in shares of Fidelity NASDAQ Composite Index ETF in the 4th quarter valued at about $25,000. Fifth Third Bancorp acquired a new position in Fidelity NASDAQ Composite Index ETF in the fourth quarter worth about $38,000. Red Tortoise LLC bought a new stake in Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at about $41,000. Geneos Wealth Management Inc. acquired a new stake in Fidelity NASDAQ Composite Index ETF during the fourth quarter valued at approximately $51,000. Finally, Northwest Investment Counselors LLC bought a new position in Fidelity NASDAQ Composite Index ETF during the 3rd quarter worth approximately $57,000.

Fidelity NASDAQ Composite Index ETF Trading Up 2.1 %

ONEQ stock traded up $1.58 during midday trading on Tuesday, hitting $77.72. 325,351 shares of the company’s stock were exchanged, compared to its average volume of 336,438. The firm has a 50 day moving average price of $77.02 and a 200-day moving average price of $72.83. Fidelity NASDAQ Composite Index ETF has a 12-month low of $59.71 and a 12-month high of $79.75. The stock 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 declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Friday, December 20th were paid a $0.168 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Friday, December 20th. This is a positive change from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11.

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.