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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a large 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 10,319 shares, the short-interest ratio is presently 0.1 days.

Fidelity Disruptive Automation ETF Stock Performance

Shares of NASDAQ:FBOT traded down $0.82 during midday trading on Friday, reaching $37.57. 18,237 shares of the company’s stock traded hands, compared to its average volume of 19,948. The company has a market cap of $206.63 million, a price-to-earnings ratio of 29.47 and a beta of 1.30. Fidelity Disruptive Automation ETF has a one year low of $30.45 and a one year high of $40.83. The stock has a 50 day moving average of $39.18 and a 200 day moving average of $38.35.

Fidelity Disruptive Automation ETF Announces Dividend

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

Institutional Trading of Fidelity Disruptive Automation ETF

A number of institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised 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 purchasing an additional 3,077 shares during the last quarter. POM Investment Strategies LLC lifted its position in Fidelity Disruptive Automation ETF by 112.0% during the second quarter. POM Investment Strategies LLC now owns 17,081 shares of the company’s stock valued at $676,000 after purchasing an additional 9,024 shares during the period. Finally, SteelPeak Wealth LLC purchased a new stake in Fidelity Disruptive Automation ETF in the first quarter worth approximately $828,000.

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.