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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,305 shares, an increase of 78.3% from the September 15th total of 732 shares. Based on an average trading volume of 10,319 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Fidelity Disruptive Automation ETF Stock Down 2.1%

Shares of Fidelity Disruptive Automation ETF stock traded down $0.82 during midday trading on Thursday, hitting $37.74. The company had a trading volume of 2,930 shares, compared to its average volume of 19,904. The stock has a market cap of $207.55 million, a price-to-earnings ratio of 29.47 and a beta of 1.30. The company has a fifty day simple moving average of $39.25 and a 200 day simple moving average of $38.31. Fidelity Disruptive Automation ETF has a 12-month low of $30.45 and a 12-month high of $40.83.

Fidelity Disruptive Automation ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SteelPeak Wealth LLC acquired a new stake in shares of Fidelity Disruptive Automation ETF during the first quarter worth $828,000. Cetera Investment Advisers grew its holdings in shares of Fidelity Disruptive Automation ETF by 21.0% during the first quarter. Cetera Investment Advisers now owns 17,727 shares of the company’s stock valued at $587,000 after buying an additional 3,077 shares during the last quarter. Finally, POM Investment Strategies LLC increased its position in shares of 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.

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.