Fidelity Disruptive Automation ETF (NASDAQ:FBOT – Get Free Report) saw 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 trading volume of 28,364 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Investors Weigh In On Fidelity Disruptive Automation ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Key Capital Management INC bought a new stake in shares of Fidelity Disruptive Automation ETF during the fourth quarter valued at about $27,000. Advisory Services Network LLC bought a new stake in shares of Fidelity Disruptive Automation ETF during the third quarter valued at about $33,000. Raleigh Capital Management Inc. bought a new stake in shares of Fidelity Disruptive Automation ETF during the fourth quarter valued at about $38,000. Federation des caisses Desjardins du Quebec increased its position in shares of Fidelity Disruptive Automation ETF by 2,616.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,146 shares of the company’s stock valued at $72,000 after buying an additional 2,067 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of Fidelity Disruptive Automation ETF during the third quarter valued at about $273,000.
Fidelity Disruptive Automation ETF Stock Performance
FBOT stock opened at $39.04 on Tuesday. The stock has a fifty day moving average of $38.03 and a 200-day moving average of $35.81. The company has a market capitalization of $203.01 million, a price-to-earnings ratio of 29.47 and a beta of 1.29. Fidelity Disruptive Automation ETF has a fifty-two week low of $28.34 and a fifty-two week high of $40.25.
Fidelity Disruptive Automation ETF Cuts Dividend
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.
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