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

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 264,400 shares, a growth of 225.2% from the February 28th total of 81,300 shares. Based on an average daily trading volume, of 370,500 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted 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 during the last quarter. Prasad Wealth Partners LLC purchased a new stake in shares of Fidelity NASDAQ Composite Index ETF in the fourth quarter valued at $27,004,000. LPL Financial LLC lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 40.0% in the 4th quarter. LPL Financial LLC now owns 1,079,347 shares of the company’s stock worth $82,095,000 after acquiring an additional 308,242 shares during the last quarter. GeoWealth Management LLC lifted its holdings in shares of Fidelity NASDAQ Composite Index ETF by 33,835.2% in the 4th quarter. GeoWealth Management LLC now owns 302,363 shares of the company’s stock worth $22,998,000 after acquiring an additional 301,472 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of Fidelity NASDAQ Composite Index ETF during the 4th quarter worth about $18,258,000.

Fidelity NASDAQ Composite Index ETF Stock Down 2.8 %

ONEQ stock traded down $1.94 during midday trading on Friday, hitting $68.17. The company’s stock had a trading volume of 384,320 shares, compared to its average volume of 291,683. Fidelity NASDAQ Composite Index ETF has a 12 month low of $59.98 and a 12 month high of $79.75. The company has a 50 day moving average of $74.68 and a two-hundred day moving average of $74.40. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 28.97 and a beta of 1.13.

Fidelity NASDAQ Composite Index ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were paid a $0.091 dividend. The ex-dividend date was Friday, March 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.