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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 2,500 shares, a decline of 51.9% from the February 28th total of 5,200 shares. Based on an average daily trading volume, of 14,300 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Fidelity Disruptive Automation ETF Stock Down 2.8 %

Fidelity Disruptive Automation ETF stock traded down $0.77 during mid-day trading on Friday, hitting $26.28. 9,943 shares of the company’s stock were exchanged, compared to its average volume of 11,795. The company’s 50 day simple moving average is $28.51 and its 200-day simple moving average is $27.85. The firm has a market capitalization of $99.86 million, a P/E ratio of 29.01 and a beta of 1.23. Fidelity Disruptive Automation ETF has a fifty-two week low of $22.46 and a fifty-two week high of $30.10.

Fidelity Disruptive Automation ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were issued a dividend of $0.067 per share. The ex-dividend date was Friday, March 21st. This is a boost from Fidelity Disruptive Automation ETF’s previous dividend of $0.03.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

An institutional investor recently raised its position in Fidelity Disruptive Automation ETF stock. Commonwealth Equity Services LLC grew its stake in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) by 28.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,617 shares of the company’s stock after buying an additional 2,339 shares during the quarter. Commonwealth Equity Services LLC owned 0.28% of Fidelity Disruptive Automation ETF worth $300,000 at the end of the most recent reporting period.

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.