Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Stock Short Interest Falls 84.1%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 732 shares, a decline of 84.1% from the August 31st total of 4,600 shares. Based on an average daily trading volume, of 9,521 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Fidelity Disruptive Automation ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SteelPeak Wealth LLC purchased a new stake in shares of Fidelity Disruptive Automation ETF in the 1st quarter valued at about $828,000. POM Investment Strategies LLC grew its stake in Fidelity Disruptive Automation ETF by 112.0% during the 2nd quarter. POM Investment Strategies LLC now owns 17,081 shares of the company’s stock worth $676,000 after buying an additional 9,024 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Fidelity Disruptive Automation ETF by 21.0% during the 1st quarter. Cetera Investment Advisers now owns 17,727 shares of the company’s stock worth $587,000 after buying an additional 3,077 shares during the last quarter.

Fidelity Disruptive Automation ETF Stock Down 0.5%

NASDAQ FBOT opened at $38.53 on Friday. Fidelity Disruptive Automation ETF has a 52 week low of $30.45 and a 52 week high of $40.83. The firm has a 50 day moving average of $38.75 and a two-hundred day moving average of $37.82. The stock has a market capitalization of $211.94 million, a PE ratio of 29.47 and a beta of 1.29.

Fidelity Disruptive Automation ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were given a dividend of $0.0280 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 18th.

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.