Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Short Interest Update

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 11,385 shares, a decrease of 34.1% from the May 14th total of 17,264 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 28,364 shares, the days-to-cover ratio is currently 0.4 days.

Fidelity Disruptive Automation ETF Price Performance

Shares of NASDAQ:FBOT opened at $39.04 on Tuesday. The company has a market capitalization of $203.01 million, a PE ratio of 29.47 and a beta of 1.29. The business has a fifty day moving average price of $38.03 and a two-hundred day moving average price of $35.81. Fidelity Disruptive Automation ETF has a 1 year low of $28.34 and a 1 year high of $40.25.

Fidelity Disruptive Automation ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Key Capital Management INC bought a new position in shares of Fidelity Disruptive Automation ETF during the 4th quarter worth $27,000. Advisory Services Network LLC bought a new position in shares of Fidelity Disruptive Automation ETF during the 3rd quarter worth $33,000. Raleigh Capital Management Inc. bought a new position in shares of Fidelity Disruptive Automation ETF during the 4th quarter worth $38,000. Federation des caisses Desjardins du Quebec grew its stake 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 worth $72,000 after acquiring an additional 2,067 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in shares of Fidelity Disruptive Automation ETF during the 3rd quarter worth $273,000.

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.