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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,208 shares, an increase of 68.4% from the July 30th total of 1,311 shares. Based on an average daily trading volume, of 21,729 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in Fidelity Disruptive Automation ETF in the third quarter worth $33,000. Federation des caisses Desjardins du Quebec raised its holdings in Fidelity Disruptive Automation ETF by 2,616.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,146 shares of the company’s stock valued at $72,000 after buying an additional 2,067 shares in the last quarter. Sunbelt Securities Inc. bought a new position in Fidelity Disruptive Automation ETF during the third quarter valued at about $273,000. Cetera Investment Advisers acquired a new stake in shares of Fidelity Disruptive Automation ETF in the fourth quarter worth about $488,000. Finally, POM Investment Strategies LLC lifted its position in shares of Fidelity Disruptive Automation ETF by 112.0% in the second 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.

Fidelity Disruptive Automation ETF Price Performance

Shares of FBOT opened at $38.63 on Wednesday. The business’s 50-day moving average is $38.75 and its 200-day moving average is $37.56. The company has a market capitalization of $212.47 million, a price-to-earnings ratio of 29.47 and a beta of 1.29. Fidelity Disruptive Automation ETF has a fifty-two week low of $30.45 and a fifty-two week high of $40.83.

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. FBOT was launched on Apr 16, 2020 and is managed by Fidelity.