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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 11,385 shares, a drop of 34.1% from the May 14th total of 17,264 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 28,364 shares, the days-to-cover ratio is presently 0.4 days.

Fidelity Disruptive Automation ETF Stock Performance

NASDAQ:FBOT opened at $38.54 on Thursday. The firm has a market cap of $200.41 million, a P/E ratio of 29.47 and a beta of 1.29. Fidelity Disruptive Automation ETF has a fifty-two week low of $28.34 and a fifty-two week high of $40.25. The firm has a 50-day simple moving average of $38.24 and a two-hundred day simple moving average of $35.90.

Fidelity Disruptive Automation ETF Cuts Dividend

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

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

Several institutional investors have recently made changes to their positions in the business. Key Capital Management INC bought a new position in shares of Fidelity Disruptive Automation ETF in the fourth quarter worth approximately $27,000. Advisory Services Network LLC bought a new position in shares of Fidelity Disruptive Automation ETF in the third quarter worth approximately $33,000. Raleigh Capital Management Inc. bought a new position in shares of Fidelity Disruptive Automation ETF in the fourth quarter worth approximately $38,000. Federation des caisses Desjardins du Quebec boosted its position in shares of 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 worth $72,000 after purchasing an additional 2,067 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in Fidelity Disruptive Automation ETF in the 3rd quarter worth approximately $273,000.

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. FBOT was launched on Apr 16, 2020 and is managed by Fidelity.