Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Sees Large Decline in Short Interest

Fidelity Disruptive Automation ETF (NASDAQ:FBOTGet Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 2,100 shares, a drop of 16.0% from the March 15th total of 2,500 shares. Based on an average trading volume of 15,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Fidelity Disruptive Automation ETF Stock Up 1.7 %

FBOT stock opened at $24.51 on Wednesday. The company has a market capitalization of $93.12 million, a price-to-earnings ratio of 26.40 and a beta of 1.23. Fidelity Disruptive Automation ETF has a 12 month low of $22.22 and a 12 month high of $30.10. The firm has a 50 day moving average of $26.75 and a two-hundred day moving average of $27.64.

Fidelity Disruptive Automation ETF Increases Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Fidelity Disruptive Automation ETF stock. Commonwealth Equity Services LLC raised its holdings in Fidelity Disruptive Automation ETF (NASDAQ:FBOTFree Report) by 28.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 quarter.

About Fidelity Disruptive Automation ETF

(Get Free Report)

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.

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