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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,305 shares, an increase of 78.3% from the September 15th total of 732 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 10,319 shares, the short-interest ratio is presently 0.1 days.

Fidelity Disruptive Automation ETF Price Performance

NASDAQ FBOT traded down $0.82 on Thursday, hitting $37.74. The stock had a trading volume of 2,930 shares, compared to its average volume of 19,904. The business’s fifty day moving average price is $39.25 and its 200 day moving average price is $38.31. The stock has a market cap of $207.55 million, a price-to-earnings ratio of 29.47 and a beta of 1.30. Fidelity Disruptive Automation ETF has a 52-week low of $30.45 and a 52-week high of $40.83.

Fidelity Disruptive Automation ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, September 18th were issued a dividend of $0.0280 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, September 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. POM Investment Strategies LLC increased its position in Fidelity Disruptive Automation ETF by 112.0% during the 2nd 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 in the last quarter. Cetera Investment Advisers raised its stake 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. Finally, SteelPeak Wealth LLC purchased a new stake in Fidelity Disruptive Automation ETF in the first quarter valued at about $828,000.

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.