Short Interest in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Rises By 7.8%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 40,100 shares, an increase of 7.8% from the June 15th total of 37,200 shares. Based on an average daily trading volume, of 11,300 shares, the days-to-cover ratio is currently 3.5 days.

Fidelity Disruptive Automation ETF Trading Down 1.5 %

FBOT traded down $0.39 on Thursday, reaching $26.32. The stock had a trading volume of 7,181 shares, compared to its average volume of 14,759. The business’s 50-day moving average price is $26.50 and its two-hundred day moving average price is $25.79. The company has a market cap of $102.91 million, a P/E ratio of 32.98 and a beta of 1.23. Fidelity Disruptive Automation ETF has a 12-month low of $20.72 and a 12-month high of $27.61.

Fidelity Disruptive Automation ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Friday, June 21st were paid a $0.033 dividend. This represents a $0.13 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, June 21st. This is a positive change from Fidelity Disruptive Automation ETF’s previous quarterly dividend of $0.03.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

An institutional investor recently bought a new position in Fidelity Disruptive Automation ETF stock. Kovack Advisors Inc. acquired a new position in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,430 shares of the company’s stock, valued at approximately $288,000. Kovack Advisors Inc. owned about 0.28% of Fidelity Disruptive Automation ETF at the end of the most recent quarter.

About Fidelity Disruptive Automation ETF

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.