Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Short Interest Update

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 33,410 shares, an increase of 353.9% from the April 15th total of 7,360 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 14,593 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Trading of Fidelity Disruptive Automation ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Key Capital Management INC purchased a new stake in shares of Fidelity Disruptive Automation ETF during the fourth quarter worth about $27,000. Advisory Services Network LLC purchased a new stake in shares of Fidelity Disruptive Automation ETF during the third quarter worth about $33,000. Raleigh Capital Management Inc. purchased a new stake in shares of Fidelity Disruptive Automation ETF during the fourth quarter worth about $38,000. Federation des caisses Desjardins du Quebec increased its stake in shares of 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 worth $72,000 after purchasing an additional 2,067 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Fidelity Disruptive Automation ETF during the third quarter worth about $273,000.

Fidelity Disruptive Automation ETF Stock Performance

NASDAQ FBOT opened at $39.62 on Wednesday. The company has a market cap of $206.02 million, a PE ratio of 29.47 and a beta of 1.30. Fidelity Disruptive Automation ETF has a 52-week low of $28.32 and a 52-week high of $40.14. The firm’s 50 day moving average price is $35.75 and its 200-day moving average price is $34.77.

Fidelity Disruptive Automation ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 20th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, March 20th.

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.