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

Fidelity Nasdaq Composite Index ETF (NASDAQ:ONEQ – Get Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 343,800 shares, a growth of 256.6% from the March 15th total of 96,400 shares. Based on an average daily trading volume, of 459,700 shares, the days-to-cover ratio is presently 0.7 days.

NASDAQ:ONEQ opened at $52.19 on Wednesday. The company has a 50-day simple moving average of $53.65. Fidelity Nasdaq Composite Index ETF has a twelve month low of $49.01 and a twelve month high of $63.11.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 23rd. Stockholders of record on Monday, March 21st were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, March 18th.

Hedge funds have recently made changes to their positions in the company. Spire Wealth Management boosted its stake in shares of Fidelity Nasdaq Composite Index ETF by 24.6% during the fourth quarter. Spire Wealth Management now owns 92,259 shares of the company’s stock valued at $5,619,000 after purchasing an additional 18,233 shares in the last quarter. JB Capital LLC bought a new position in shares of Fidelity Nasdaq Composite Index ETF during the third quarter worth about $1,381,000. Calton & Associates Inc. raised its position in shares of Fidelity Nasdaq Composite Index ETF by 11.8% during the fourth quarter. Calton & Associates Inc. now owns 7,072 shares of the company’s stock worth $430,000 after acquiring an additional 747 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in shares of Fidelity Nasdaq Composite Index ETF during the third quarter worth about $320,000. Finally, Citadel Advisors LLC raised its position in shares of Fidelity Nasdaq Composite Index ETF by 144.4% during the third quarter. Citadel Advisors LLC now owns 91,171 shares of the company’s stock worth $5,122,000 after acquiring an additional 53,868 shares during the last quarter.

About Fidelity Nasdaq Composite Index ETF (Get Rating)

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.

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