Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Sees Large Increase in Short Interest

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 57,900 shares, an increase of 18.2% from the August 15th total of 49,000 shares. Based on an average daily trading volume, of 297,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Fidelity NASDAQ Composite Index ETF

A number of hedge funds have recently made changes to their positions in ONEQ. Commonwealth Equity Services LLC raised its stake in Fidelity NASDAQ Composite Index ETF by 3.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,282,903 shares of the company’s stock valued at $89,713,000 after acquiring an additional 47,031 shares during the period. LPL Financial LLC increased its holdings in shares of Fidelity NASDAQ Composite Index ETF by 4.0% in the second quarter. LPL Financial LLC now owns 764,461 shares of the company’s stock valued at $53,459,000 after purchasing an additional 29,103 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 13.3% in the first quarter. Kestra Advisory Services LLC now owns 437,343 shares of the company’s stock valued at $28,165,000 after purchasing an additional 51,290 shares during the period. LJI Wealth Management LLC lifted its stake in shares of Fidelity NASDAQ Composite Index ETF by 2.5% during the 2nd quarter. LJI Wealth Management LLC now owns 367,480 shares of the company’s stock worth $25,698,000 after buying an additional 9,038 shares during the last quarter. Finally, Regal Investment Advisors LLC boosted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 0.6% during the 2nd quarter. Regal Investment Advisors LLC now owns 357,693 shares of the company’s stock worth $25,013,000 after buying an additional 2,127 shares during the period.

Fidelity NASDAQ Composite Index ETF Trading Up 0.2 %

Shares of ONEQ traded up $0.11 during midday trading on Tuesday, reaching $69.57. The stock had a trading volume of 173,190 shares, compared to its average volume of 273,389. The firm has a market cap of $6.74 billion, a PE ratio of 33.60 and a beta of 1.13. The firm has a 50 day simple moving average of $68.86 and a 200-day simple moving average of $66.80. Fidelity NASDAQ Composite Index ETF has a one year low of $49.41 and a one year high of $73.58.

Fidelity NASDAQ Composite Index ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Friday, June 21st were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, June 21st.

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.