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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 33,410 shares, a growth of 353.9% from the April 15th total of 7,360 shares. Based on an average daily volume of 14,593 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Trading of Fidelity Disruptive Automation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federation des caisses Desjardins du Quebec increased its stake in Fidelity Disruptive Automation ETF by 2,616.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,146 shares of the company’s stock valued at $72,000 after acquiring an additional 2,067 shares during the period. LPL Financial LLC increased its stake in Fidelity Disruptive Automation ETF by 298.1% in the fourth quarter. LPL Financial LLC now owns 37,818 shares of the company’s stock valued at $1,261,000 after acquiring an additional 28,319 shares during the period. Sunbelt Securities Inc. bought a new stake in Fidelity Disruptive Automation ETF in the third quarter valued at about $273,000. Advisory Services Network LLC bought a new stake in Fidelity Disruptive Automation ETF in the third quarter valued at about $33,000. Finally, National Bank of Canada FI increased its stake 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 valued at $18,016,000 after acquiring an additional 19,728 shares during the period.

Fidelity Disruptive Automation ETF Stock Performance

Shares of NASDAQ:FBOT traded up $0.01 during trading on Thursday, hitting $39.76. 44,579 shares of the stock were exchanged, compared to its average volume of 23,825. Fidelity Disruptive Automation ETF has a 1-year low of $28.32 and a 1-year high of $40.14. The company has a market capitalization of $206.75 million, a price-to-earnings ratio of 29.47 and a beta of 1.30. The company’s fifty day simple moving average is $35.88 and its 200-day simple moving average is $34.86.

Fidelity Disruptive Automation ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Friday, March 20th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%.

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.