Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Stock Short Interest Falls 84.1%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 732 shares, a decline of 84.1% from the August 31st total of 4,600 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 9,521 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Fidelity Disruptive Automation ETF

Hedge funds have recently made changes to their positions in the business. SteelPeak Wealth LLC acquired a new position in Fidelity Disruptive Automation ETF in the 1st quarter valued at about $828,000. POM Investment Strategies LLC lifted 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 worth $676,000 after acquiring an additional 9,024 shares during the period. Finally, Cetera Investment Advisers lifted its position in Fidelity Disruptive Automation ETF by 21.0% during the 1st quarter. Cetera Investment Advisers now owns 17,727 shares of the company’s stock worth $587,000 after acquiring an additional 3,077 shares during the period.

Fidelity Disruptive Automation ETF Price Performance

Shares of NASDAQ:FBOT opened at $38.53 on Friday. The stock has a market cap of $211.94 million, a P/E ratio of 29.47 and a beta of 1.29. The firm has a fifty day moving average price of $38.75 and a 200 day moving average price of $37.82. Fidelity Disruptive Automation ETF has a 1-year low of $30.45 and a 1-year high of $40.83.

Fidelity Disruptive Automation ETF Announces Dividend

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

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.