Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Short Interest Down 60.5% in July

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,788 shares, a drop of 60.5% from the June 30th total of 4,522 shares. Based on an average daily volume of 14,342 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Key Capital Management INC bought a new stake in Fidelity Disruptive Automation ETF during the fourth quarter worth approximately $27,000. Advisory Services Network LLC bought a new stake in shares of Fidelity Disruptive Automation ETF in the 3rd quarter valued at approximately $33,000. Raleigh Capital Management Inc. bought a new stake in shares of Fidelity Disruptive Automation ETF in the 4th quarter valued at approximately $38,000. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Fidelity Disruptive Automation ETF by 2,616.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,146 shares of the company’s stock worth $72,000 after purchasing an additional 2,067 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of Fidelity Disruptive Automation ETF in the 3rd quarter worth approximately $273,000.

Fidelity Disruptive Automation ETF Stock Up 0.1%

Shares of NASDAQ:FBOT opened at $36.69 on Monday. The firm has a fifty day simple moving average of $38.54 and a two-hundred day simple moving average of $36.84. Fidelity Disruptive Automation ETF has a 52 week low of $30.45 and a 52 week high of $40.25. The stock has a market capitalization of $201.79 million, a P/E ratio of 29.47 and a beta of 1.28.

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.