Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Short Interest Up 68.4% in August

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 2,208 shares, an increase of 68.4% from the July 30th total of 1,311 shares. Based on an average daily volume of 21,729 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of Fidelity Disruptive Automation ETF

Several hedge funds have recently made changes to their positions in the business. POM Investment Strategies LLC lifted its holdings in shares of Fidelity Disruptive Automation ETF by 112.0% in the 2nd quarter. POM Investment Strategies LLC now owns 17,081 shares of the company’s stock valued at $676,000 after acquiring an additional 9,024 shares during the last quarter. Cetera Investment Advisers raised 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 purchasing an additional 3,077 shares during the period. SteelPeak Wealth LLC purchased a new stake in Fidelity Disruptive Automation ETF during the first quarter valued at approximately $828,000. Federation des caisses Desjardins du Quebec lifted its stake in shares of Fidelity Disruptive Automation ETF by 2,616.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,146 shares of the company’s stock valued at $72,000 after purchasing an additional 2,067 shares during the last quarter. Finally, LPL Financial LLC lifted 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 purchasing an additional 28,319 shares during the last quarter.

Fidelity Disruptive Automation ETF Trading Down 0.6%

FBOT traded down $0.23 during trading hours on Monday, hitting $39.47. The company’s stock had a trading volume of 9,870 shares, compared to its average volume of 21,810. The stock has a market cap of $217.09 million, a price-to-earnings ratio of 29.47 and a beta of 1.29. The business’s 50-day moving average price is $38.73 and its 200-day moving average price is $37.53. Fidelity Disruptive Automation ETF has a 12 month low of $30.45 and a 12 month high of $40.83.

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.