Short Interest in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Grows By 90.6%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 6,100 shares, anincreaseof90.6% from the June 30th total of 3,200 shares. Based on an average trading volume of 21,900 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 21,900 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new position in shares of Fidelity Disruptive Automation ETF during the first quarter valued at about $249,000. Commonwealth Equity Services LLC increased its position in shares of Fidelity Disruptive Automation ETF by 28.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,617 shares of the company’s stock valued at $300,000 after buying an additional 2,339 shares during the period. Farther Finance Advisors LLC increased its position in shares of Fidelity Disruptive Automation ETF by 7,069.5% during the second quarter. Farther Finance Advisors LLC now owns 13,622 shares of the company’s stock valued at $408,000 after buying an additional 13,432 shares during the period. Virtu Financial LLC purchased a new position in shares of Fidelity Disruptive Automation ETF during the first quarter valued at about $926,000. Finally, FSM Wealth Advisors LLC purchased a new position in shares of Fidelity Disruptive Automation ETF during the second quarter valued at about $1,450,000.

Fidelity Disruptive Automation ETF Trading Up 1.1%

Shares of NASDAQ:FBOT opened at $31.70 on Wednesday. The company has a market cap of $136.31 million, a price-to-earnings ratio of 29.47 and a beta of 1.22. The company has a 50-day moving average price of $30.00 and a 200-day moving average price of $28.35. Fidelity Disruptive Automation ETF has a 12 month low of $22.22 and a 12 month high of $31.83.

Fidelity Disruptive Automation ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Friday, June 20th were given a dividend of $0.067 per share. This is an increase from Fidelity Disruptive Automation ETF’s previous quarterly dividend of $0.03. This represents a $0.27 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, June 20th.

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.