Fidelity Disruptive Automation ETF (NASDAQ:FBOT – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 4,522 shares, a drop of 92.5% from the June 15th total of 60,312 shares. Based on an average daily volume of 20,002 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.
Hedge Funds Weigh In On Fidelity Disruptive Automation ETF
Hedge funds have recently modified their holdings of the company. Cetera Investment Advisers raised its stake in shares of Fidelity Disruptive Automation ETF by 21.0% during the first quarter. Cetera Investment Advisers now owns 17,727 shares of the company’s stock valued at $587,000 after acquiring an additional 3,077 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in shares of Fidelity Disruptive Automation ETF in the first quarter worth about $828,000. Federation des caisses Desjardins du Quebec grew its stake in shares of Fidelity Disruptive Automation ETF by 2,616.5% in the fourth 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 last quarter. LPL Financial LLC increased its holdings in Fidelity Disruptive Automation ETF by 298.1% during the 4th quarter. LPL Financial LLC now owns 37,818 shares of the company’s stock valued at $1,261,000 after purchasing an additional 28,319 shares during the period. Finally, Key Capital Management INC purchased a new position in Fidelity Disruptive Automation ETF during the 4th quarter valued at about $27,000.
Fidelity Disruptive Automation ETF Stock Performance
NASDAQ:FBOT traded up $0.32 during midday trading on Friday, reaching $38.60. 13,347 shares of the stock traded hands, compared to its average volume of 23,638. The company has a fifty day moving average of $38.96 and a 200 day moving average of $36.56. Fidelity Disruptive Automation ETF has a 12 month low of $30.07 and a 12 month high of $40.25. The stock has a market capitalization of $212.30 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.
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