Short Interest in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Drops By 48.3%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 17,264 shares, a drop of 48.3% from the April 30th total of 33,410 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 26,421 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

A number of hedge funds have recently bought and sold shares of FBOT. Jane Street Group LLC bought a new position in Fidelity Disruptive Automation ETF in the 1st quarter worth about $1,856,000. LPL Financial LLC boosted its stake in Fidelity Disruptive Automation ETF by 298.1% in the 4th quarter. LPL Financial LLC now owns 37,818 shares of the company’s stock worth $1,261,000 after purchasing an additional 28,319 shares in the last quarter. SteelPeak Wealth LLC bought a new position in Fidelity Disruptive Automation ETF in the 1st quarter worth about $828,000. National Bank of Canada FI boosted its stake in Fidelity Disruptive Automation ETF by 3.7% in the 3rd quarter. National Bank of Canada FI now owns 550,430 shares of the company’s stock worth $18,016,000 after purchasing an additional 19,728 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in Fidelity Disruptive Automation ETF in the 4th quarter worth about $488,000.

Fidelity Disruptive Automation ETF Trading Up 0.6%

Fidelity Disruptive Automation ETF stock traded up $0.25 on Monday, hitting $40.11. 28,895 shares of the stock traded hands, compared to its average volume of 24,397. The firm has a market cap of $208.57 million, a P/E ratio of 29.47 and a beta of 1.30. The business’s fifty day simple moving average is $36.80 and its 200 day simple moving average is $35.27. Fidelity Disruptive Automation ETF has a 1 year low of $28.33 and a 1 year high of $40.16.

Fidelity Disruptive Automation ETF Cuts Dividend

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

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.