Short Interest in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Declines By 70.7%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 16,900 shares, a drop of 70.7% from the January 15th total of 57,700 shares. Based on an average trading volume of 13,400 shares, the days-to-cover ratio is presently 1.3 days.

Fidelity Disruptive Automation ETF Stock Performance

FBOT stock traded down $0.14 on Wednesday, hitting $29.13. 5,260 shares of the company’s stock were exchanged, compared to its average volume of 16,350. Fidelity Disruptive Automation ETF has a 12-month low of $22.46 and a 12-month high of $30.10. The firm has a 50 day moving average price of $28.72 and a two-hundred day moving average price of $27.23. The stock has a market cap of $110.68 million, a P/E ratio of 32.98 and a beta of 1.23.

Institutional Trading of Fidelity Disruptive Automation ETF

An institutional investor recently raised its position in Fidelity Disruptive Automation ETF stock. Commonwealth Equity Services LLC boosted its position in shares of Fidelity Disruptive Automation ETF (NASDAQ:FBOT) by 28.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,617 shares of the company’s stock after buying an additional 2,339 shares during the period. Commonwealth Equity Services LLC owned 0.28% of Fidelity Disruptive Automation ETF worth $300,000 at the end of the most recent quarter.

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.