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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 4,522 shares, a decline of 92.5% from the June 15th total of 60,312 shares. Based on an average trading volume of 20,002 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Fidelity Disruptive Automation ETF Stock Performance

Shares of NASDAQ:FBOT traded up $0.32 during midday trading on Friday, hitting $38.60. 13,347 shares of the stock were exchanged, compared to its average volume of 23,638. Fidelity Disruptive Automation ETF has a 52-week low of $30.07 and a 52-week high of $40.25. The business’s fifty day simple moving average is $38.96 and its two-hundred day simple moving average is $36.56. The company has a market capitalization of $212.30 million, a PE ratio of 29.47 and a beta of 1.28.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FBOT. Jane Street Group LLC purchased a new stake in shares of Fidelity Disruptive Automation ETF during the 1st quarter worth about $1,856,000. LPL Financial LLC grew its stake in shares of Fidelity Disruptive Automation ETF by 298.1% in the 4th 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 in the last quarter. SteelPeak Wealth LLC acquired a new position in Fidelity Disruptive Automation ETF in the first quarter worth approximately $828,000. National Bank of Canada FI increased its holdings in Fidelity Disruptive Automation ETF by 3.7% in the third quarter. National Bank of Canada FI now owns 550,430 shares of the company’s stock worth $18,016,000 after buying an additional 19,728 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in Fidelity Disruptive Automation ETF during the fourth quarter valued at approximately $488,000.

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.