Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Sees Large Decline in Short Interest

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,200 shares, a drop of 62.0% from the February 13th total of 13,700 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Fidelity Disruptive Automation ETF

A hedge fund recently raised its stake in Fidelity Disruptive Automation ETF stock. Commonwealth Equity Services LLC raised its position in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) by 28.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,617 shares of the company’s stock after purchasing an additional 2,339 shares during the quarter. Commonwealth Equity Services LLC owned 0.28% of Fidelity Disruptive Automation ETF worth $300,000 at the end of the most recent reporting period.

Fidelity Disruptive Automation ETF Price Performance

Shares of FBOT traded up $0.73 during midday trading on Friday, hitting $27.64. The stock had a trading volume of 6,908 shares, compared to its average volume of 12,002. The company has a 50 day simple moving average of $28.72 and a two-hundred day simple moving average of $27.71. Fidelity Disruptive Automation ETF has a twelve month low of $22.46 and a twelve month high of $30.10. The firm has a market cap of $105.03 million, a price-to-earnings ratio of 30.00 and a beta of 1.23.

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.