Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Short Interest Down 48.6% in February

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 78,500 shares, a decrease of 48.6% from the January 31st total of 152,800 shares. Based on an average trading volume of 298,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ONEQ. JPMorgan Chase & Co. increased its position in Fidelity NASDAQ Composite Index ETF by 310.9% in the fourth quarter. JPMorgan Chase & Co. now owns 470,444 shares of the company’s stock worth $35,782,000 after buying an additional 355,951 shares in the last quarter. Prasad Wealth Partners LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter valued at approximately $27,004,000. LPL Financial LLC boosted its stake in shares of Fidelity NASDAQ Composite Index ETF by 40.0% during the 4th quarter. LPL Financial LLC now owns 1,079,347 shares of the company’s stock worth $82,095,000 after purchasing an additional 308,242 shares during the period. GeoWealth Management LLC boosted its position in shares of Fidelity NASDAQ Composite Index ETF by 33,835.2% during the fourth quarter. GeoWealth Management LLC now owns 302,363 shares of the company’s stock valued at $22,998,000 after buying an additional 301,472 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in Fidelity NASDAQ Composite Index ETF in the fourth quarter worth $18,258,000.

Fidelity NASDAQ Composite Index ETF Stock Down 2.8 %

Shares of NASDAQ:ONEQ traded down $2.05 during trading on Monday, hitting $72.21. The stock had a trading volume of 675,394 shares, compared to its average volume of 325,207. The firm’s fifty day moving average is $77.03 and its 200 day moving average is $74.33. The company has a market capitalization of $7.21 billion, a PE ratio of 33.15 and a beta of 1.13. Fidelity NASDAQ Composite Index ETF has a 12 month low of $59.98 and a 12 month high of $79.75.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Friday, December 20th were paid a dividend of $0.168 per share. This represents a $0.67 annualized dividend and a yield of 0.93%. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, December 20th.

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.