Short Interest in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Drops By 48.3%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 17,264 shares, a decline of 48.3% from the April 30th total of 33,410 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 26,421 shares, the short-interest ratio is presently 0.7 days.

Fidelity Disruptive Automation ETF Price Performance

NASDAQ:FBOT traded up $0.25 during trading hours on Monday, hitting $40.11. The company had a trading volume of 28,895 shares, compared to its average volume of 24,397. The company has a market capitalization of $208.57 million, a PE ratio of 29.47 and a beta of 1.30. The stock has a 50-day moving average price of $36.80 and a 200 day moving average price of $35.27. Fidelity Disruptive Automation ETF has a 52 week low of $28.33 and a 52 week high of $40.16.

Fidelity Disruptive Automation ETF Cuts Dividend

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

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in Fidelity Disruptive Automation ETF by 21.0% during the first quarter. Cetera Investment Advisers now owns 17,727 shares of the company’s stock valued at $587,000 after buying an additional 3,077 shares during the period. SteelPeak Wealth LLC purchased a new position in Fidelity Disruptive Automation ETF during the first quarter valued at $828,000. Federation des caisses Desjardins du Quebec lifted its position 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 during the period. LPL Financial LLC lifted its position in Fidelity Disruptive Automation ETF by 298.1% during the fourth quarter. LPL Financial LLC now owns 37,818 shares of the company’s stock valued at $1,261,000 after buying an additional 28,319 shares during the period. Finally, Key Capital Management INC purchased a new position in Fidelity Disruptive Automation ETF during the fourth quarter valued at $27,000.

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.