Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Short Interest Down 60.5% in July

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,788 shares, a decline of 60.5% from the June 30th total of 4,522 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 14,342 shares, the days-to-cover ratio is presently 0.1 days.

Fidelity Disruptive Automation ETF Price Performance

Shares of NASDAQ FBOT traded down $0.22 during mid-day trading on Wednesday, hitting $36.40. The company’s stock had a trading volume of 6,111 shares, compared to its average volume of 22,779. The stock has a market cap of $200.20 million, a price-to-earnings ratio of 29.47 and a beta of 1.28. Fidelity Disruptive Automation ETF has a one year low of $30.45 and a one year high of $40.25. The company’s fifty day simple moving average is $38.49 and its 200-day simple moving average is $36.86.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

Large investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in Fidelity Disruptive Automation ETF in the first quarter valued at approximately $1,856,000. MML Investors Services LLC raised its position in shares of Fidelity Disruptive Automation ETF by 4.4% during the 2nd quarter. MML Investors Services LLC now owns 37,173 shares of the company’s stock valued at $1,114,000 after acquiring an additional 1,560 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Fidelity Disruptive Automation ETF by 3.7% in the 3rd quarter. National Bank of Canada FI now owns 550,430 shares of the company’s stock valued at $18,016,000 after purchasing an additional 19,728 shares during the period. Advisory Services Network LLC acquired a new position in shares of Fidelity Disruptive Automation ETF in the 3rd quarter valued at $33,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Fidelity Disruptive Automation ETF in the 3rd quarter worth $273,000.

Fidelity Disruptive Automation ETF Company Profile

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.