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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,100 shares, a drop of 16.0% from the March 15th total of 2,500 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 15,400 shares, the short-interest ratio is currently 0.1 days.

Fidelity Disruptive Automation ETF Stock Performance

Fidelity Disruptive Automation ETF stock traded up $0.56 on Tuesday, reaching $24.66. The company’s stock had a trading volume of 1,389 shares, compared to its average volume of 11,910. The company has a market cap of $93.71 million, a price-to-earnings ratio of 26.40 and a beta of 1.23. Fidelity Disruptive Automation ETF has a twelve month low of $22.22 and a twelve month high of $30.10. The business’s fifty day moving average price is $26.85 and its 200 day moving average price is $27.66.

Fidelity Disruptive Automation ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were given a dividend of $0.067 per share. This is a positive change from Fidelity Disruptive Automation ETF’s previous dividend of $0.03. The ex-dividend date was Friday, March 21st.

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.

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.