Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) Short Interest Down 66.2% in July

Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 86,347 shares, a decrease of 66.2% from the June 30th total of 255,763 shares. Based on an average trading volume of 258,837 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Fidelity NASDAQ Composite Index ETF Stock Performance

Fidelity NASDAQ Composite Index ETF stock opened at $98.35 on Friday. Fidelity NASDAQ Composite Index ETF has a 52-week low of $80.76 and a 52-week high of $107.07. The firm has a 50 day moving average price of $102.65 and a two-hundred day moving average price of $95.58. The firm has a market cap of $10.20 billion, a price-to-earnings ratio of 28.20 and a beta of 1.21.

Fidelity NASDAQ Composite Index ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 18th were paid a $0.143 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Fidelity NASDAQ Composite Index ETF’s previous quarterly dividend of $0.11.

Hedge Funds Weigh In On Fidelity NASDAQ Composite Index ETF

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Fidelity NASDAQ Composite Index ETF by 72.6% during the fourth quarter. Brighton Jones LLC now owns 5,117 shares of the company’s stock valued at $389,000 after acquiring an additional 2,153 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Fidelity NASDAQ Composite Index ETF in the 1st quarter worth about $475,000. Integrated Wealth Concepts LLC raised its position in shares of Fidelity NASDAQ Composite Index ETF by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,072 shares of the company’s stock worth $345,000 after acquiring an additional 525 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Fidelity NASDAQ Composite Index ETF in the 1st quarter valued at about $3,330,000. Finally, Marshall Wace LLP acquired a new position in shares of Fidelity NASDAQ Composite Index ETF in the 2nd quarter valued at about $335,000.

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. The Fund uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the index that have a similar investment profile to the entire the Index.