Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Short Interest Update

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 17,264 shares, a drop of 48.3% from the April 30th total of 33,410 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 26,421 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Fidelity Disruptive Automation ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Key Capital Management INC acquired a new stake in Fidelity Disruptive Automation ETF during the fourth quarter worth about $27,000. Advisory Services Network LLC purchased a new position in Fidelity Disruptive Automation ETF during the third quarter worth approximately $33,000. Raleigh Capital Management Inc. purchased a new position in Fidelity Disruptive Automation ETF during the fourth quarter worth approximately $38,000. Federation des caisses Desjardins du Quebec boosted its position in Fidelity Disruptive Automation ETF by 2,616.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,146 shares of the company’s stock worth $72,000 after purchasing an additional 2,067 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in Fidelity Disruptive Automation ETF during the third quarter worth approximately $273,000.

Fidelity Disruptive Automation ETF Price Performance

Fidelity Disruptive Automation ETF stock remained flat at $40.01 during midday trading on Tuesday. The company had a trading volume of 38,873 shares, compared to its average volume of 24,591. The company has a market cap of $208.05 million, a price-to-earnings ratio of 29.47 and a beta of 1.30. Fidelity Disruptive Automation ETF has a 12-month low of $28.34 and a 12-month high of $40.15. The stock’s fifty day simple moving average is $36.92 and its two-hundred day simple moving average is $35.32.

Fidelity Disruptive Automation ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, March 20th.

About Fidelity Disruptive Automation ETF

The Fidelity Disruptive Automation ETF (FBOT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in innovative businesses thought to have potentially provide disruption to the marketplace. The fund holds global disruptive automation companies, from industrial robotics to autonomous driving and AI. FBOT was launched on Apr 16, 2020 and is managed by Fidelity.