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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 732 shares, a decline of 84.1% from the August 31st total of 4,600 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,521 shares, the days-to-cover ratio is presently 0.1 days.

Fidelity Disruptive Automation ETF Price Performance

FBOT traded up $0.48 during trading hours on Friday, reaching $39.02. The company’s stock had a trading volume of 10,765 shares, compared to its average volume of 20,713. The stock has a market cap of $214.61 million, a PE ratio of 29.47 and a beta of 1.29. Fidelity Disruptive Automation ETF has a fifty-two week low of $30.45 and a fifty-two week high of $40.83. The business’s 50-day moving average is $38.80 and its 200-day moving average is $37.83.

Fidelity Disruptive Automation ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 18th were given a $0.0280 dividend. The ex-dividend date was Friday, September 18th. This represents a $0.11 dividend on an annualized basis and a yield of 0.3%.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

Hedge funds have recently modified their holdings of the business. SteelPeak Wealth LLC acquired a new stake in shares of Fidelity Disruptive Automation ETF during the 1st quarter worth about $828,000. POM Investment Strategies LLC lifted its position in Fidelity Disruptive Automation ETF by 112.0% in the second quarter. POM Investment Strategies LLC now owns 17,081 shares of the company’s stock valued at $676,000 after buying an additional 9,024 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Fidelity Disruptive Automation ETF by 21.0% in 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 last quarter.

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.