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

Fidelity Disruptive Automation ETF (NASDAQ:FBOTGet Free Report) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,500 shares, a decrease of 51.9% from the February 28th total of 5,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 14,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On 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 shares of Fidelity Disruptive Automation ETF (NASDAQ:FBOTFree Report) by 28.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,617 shares of the company’s stock after acquiring an additional 2,339 shares during the period. Commonwealth Equity Services LLC owned approximately 0.28% of Fidelity Disruptive Automation ETF worth $300,000 at the end of the most recent reporting period.

Fidelity Disruptive Automation ETF Stock Performance

FBOT stock traded down $0.77 during midday trading on Friday, reaching $26.28. 9,943 shares of the company were exchanged, compared to its average volume of 11,790. The stock’s 50-day simple moving average is $28.56 and its 200 day simple moving average is $27.84. The company has a market cap of $100.13 million, a price-to-earnings ratio of 29.01 and a beta of 1.23. Fidelity Disruptive Automation ETF has a 1-year low of $22.46 and a 1-year high of $30.10.

Fidelity Disruptive Automation ETF Increases Dividend

The business also recently declared 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 an increase from Fidelity Disruptive Automation ETF’s previous dividend of $0.03. The ex-dividend date was Friday, March 21st.

About Fidelity Disruptive Automation ETF

(Get Free Report)

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.

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