Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Sees Significant Decrease in Short Interest

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 732 shares, a drop of 84.1% from the August 31st total of 4,600 shares. Based on an average daily volume of 9,521 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. POM Investment Strategies LLC raised its stake in Fidelity Disruptive Automation ETF by 112.0% in the 2nd quarter. POM Investment Strategies LLC now owns 17,081 shares of the company’s stock valued at $676,000 after acquiring an additional 9,024 shares during the period. Cetera Investment Advisers increased its stake in shares of Fidelity Disruptive Automation ETF by 21.0% in the first quarter. Cetera Investment Advisers now owns 17,727 shares of the company’s stock worth $587,000 after purchasing an additional 3,077 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new position in shares of Fidelity Disruptive Automation ETF in the first quarter worth about $828,000.

Fidelity Disruptive Automation ETF Trading Up 1.2%

Shares of NASDAQ:FBOT traded up $0.48 during mid-day trading on Friday, reaching $39.02. The company had a trading volume of 10,765 shares, compared to its average volume of 20,713. Fidelity Disruptive Automation ETF has a one year low of $30.45 and a one year high of $40.83. The company’s 50-day moving average price is $38.80 and its 200-day moving average price is $37.83. The firm has a market cap of $214.61 million, a price-to-earnings ratio of 29.47 and a beta of 1.29.

Fidelity Disruptive Automation ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were paid a $0.0280 dividend. The ex-dividend date was Friday, September 18th. This represents a $0.11 annualized dividend and a dividend yield of 0.3%.

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.