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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 11,385 shares, a decrease of 34.1% from the May 14th total of 17,264 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 28,364 shares, the short-interest ratio is presently 0.4 days.

Fidelity Disruptive Automation ETF Price Performance

Shares of NASDAQ FBOT traded up $0.43 during mid-day trading on Wednesday, reaching $39.18. 13,240 shares of the company traded hands, compared to its average volume of 24,390. Fidelity Disruptive Automation ETF has a fifty-two week low of $28.34 and a fifty-two week high of $40.25. The firm has a market cap of $203.74 million, a PE ratio of 29.47 and a beta of 1.29. The stock has a fifty day simple moving average of $38.14 and a 200-day simple moving average of $35.86.

Fidelity Disruptive Automation ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 20th were given a $0.03 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.12 annualized dividend and a yield of 0.3%.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

Several hedge funds have recently made changes to their positions in FBOT. Jane Street Group LLC acquired a new position in shares of Fidelity Disruptive Automation ETF in the 1st quarter valued at $1,856,000. LPL Financial LLC raised its holdings in Fidelity Disruptive Automation ETF by 298.1% during the 4th quarter. LPL Financial LLC now owns 37,818 shares of the company’s stock worth $1,261,000 after buying an additional 28,319 shares during the period. SteelPeak Wealth LLC purchased a new stake in Fidelity Disruptive Automation ETF during the first quarter valued at about $828,000. National Bank of Canada FI boosted its holdings in shares of Fidelity Disruptive Automation ETF by 3.7% in the third quarter. National Bank of Canada FI now owns 550,430 shares of the company’s stock worth $18,016,000 after buying an additional 19,728 shares during the period. Finally, Cetera Investment Advisers purchased a new position in shares of Fidelity Disruptive Automation ETF in the fourth quarter worth approximately $488,000.

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.