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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 44,800 shares, an increase of 22,300.0% from the March 31st total of 200 shares. Based on an average daily trading volume, of 17,900 shares, the days-to-cover ratio is currently 2.5 days.

Fidelity Disruptive Automation ETF Price Performance

Shares of Fidelity Disruptive Automation ETF stock opened at $24.82 on Friday. The firm has a market cap of $102.01 million, a price-to-earnings ratio of 33.37 and a beta of 1.18. Fidelity Disruptive Automation ETF has a 52-week low of $20.72 and a 52-week high of $27.28. The stock has a 50-day simple moving average of $25.93 and a 200-day simple moving average of $24.39.

Fidelity Disruptive Automation ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were issued a $0.026 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.10 annualized dividend and a yield of 0.42%.

Institutional Investors Weigh In On Fidelity Disruptive Automation ETF

An institutional investor recently bought a new position in Fidelity Disruptive Automation ETF stock. Kovack Advisors Inc. bought a new position in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,430 shares of the company’s stock, valued at approximately $288,000. Kovack Advisors Inc. owned about 0.28% of Fidelity Disruptive Automation ETF as of its most recent filing with the Securities and Exchange Commission.

Fidelity Disruptive Automation ETF Company Profile

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.