Short Interest in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Grows By 68.4%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,208 shares, a growth of 68.4% from the July 30th total of 1,311 shares. Based on an average daily volume of 21,729 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Fidelity Disruptive Automation ETF

Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in shares of Fidelity Disruptive Automation ETF during the third quarter valued at about $33,000. Federation des caisses Desjardins du Quebec lifted 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 buying an additional 2,067 shares in the last quarter. Sunbelt Securities Inc. bought a new position in Fidelity Disruptive Automation ETF during the third quarter valued at approximately $273,000. Cetera Investment Advisers bought a new position in Fidelity Disruptive Automation ETF during the fourth quarter valued at approximately $488,000. Finally, POM Investment Strategies LLC grew its holdings 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.

Fidelity Disruptive Automation ETF Stock Performance

FBOT traded down $0.23 during trading on Monday, reaching $39.47. 9,870 shares of the company traded hands, compared to its average volume of 21,810. The company has a market cap of $217.09 million, a P/E ratio of 29.47 and a beta of 1.29. Fidelity Disruptive Automation ETF has a 12-month low of $30.45 and a 12-month high of $40.83. The firm has a fifty day simple moving average of $38.73 and a 200 day simple moving average of $37.53.

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.