Short Interest in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Rises By 353.9%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a large growth in short interest during the month of 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. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 14,593 shares, the short-interest ratio is currently 2.3 days.

Fidelity Disruptive Automation ETF Stock Down 2.3%

NASDAQ FBOT traded down $0.93 during midday trading on Friday, hitting $38.83. The company had a trading volume of 25,323 shares, compared to its average volume of 23,831. The stock has a market cap of $201.92 million, a price-to-earnings ratio of 29.47 and a beta of 1.30. The firm has a fifty day simple moving average of $35.88 and a two-hundred day simple moving average of $34.86. Fidelity Disruptive Automation ETF has a fifty-two week low of $28.32 and a fifty-two week high of $40.14.

Fidelity Disruptive Automation ETF Cuts Dividend

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

Institutional Trading of Fidelity Disruptive Automation ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Key Capital Management INC acquired a new stake in Fidelity Disruptive Automation ETF in the 4th quarter worth $27,000. Advisory Services Network LLC acquired a new stake in shares of Fidelity Disruptive Automation ETF during the 3rd quarter valued at about $33,000. Raleigh Capital Management Inc. acquired a new stake in shares of Fidelity Disruptive Automation ETF during the 4th quarter valued at about $38,000. Federation des caisses Desjardins du Quebec boosted its position in shares of Fidelity Disruptive Automation ETF by 2,616.5% during the 4th 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 in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Fidelity Disruptive Automation ETF during the 3rd quarter valued at about $273,000.

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.