Short Interest in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Expands By 22,300.0%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 44,800 shares, an increase of 22,300.0% from the March 31st total of 200 shares. Based on an average daily trading volume, of 17,900 shares, the short-interest ratio is presently 2.5 days.

Fidelity Disruptive Automation ETF Stock Performance

FBOT stock opened at $25.50 on Friday. The firm has a fifty day moving average price of $25.94 and a 200 day moving average price of $24.41. Fidelity Disruptive Automation ETF has a fifty-two week low of $20.72 and a fifty-two week high of $27.28. The firm has a market cap of $104.81 million, a PE ratio of 33.37 and a beta of 1.18.

Fidelity Disruptive Automation ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 18th were paid a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a yield of 0.41%. The ex-dividend date was Friday, March 15th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fidelity Disruptive Automation ETF stock. Kovack Advisors Inc. acquired a new position in shares of Fidelity Disruptive Automation ETF (NASDAQ:FBOT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,430 shares of the company’s stock, valued at approximately $288,000. Kovack Advisors Inc. owned 0.28% of Fidelity Disruptive Automation ETF as of its most recent SEC filing.

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.