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 volume of 17,900 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

An institutional investor recently bought a new position in Fidelity Disruptive Automation ETF stock. Kovack Advisors Inc. bought a new position in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,430 shares of the company’s stock, valued at approximately $288,000. Kovack Advisors Inc. owned approximately 0.28% of Fidelity Disruptive Automation ETF as of its most recent SEC filing.

Fidelity Disruptive Automation ETF Trading Down 0.8 %

FBOT stock traded down $0.19 during mid-day trading on Thursday, reaching $24.67. 7,419 shares of the stock traded hands, compared to its average volume of 17,349. The company has a market cap of $101.39 million, a P/E ratio of 33.37 and a beta of 1.18. Fidelity Disruptive Automation ETF has a 52-week low of $20.72 and a 52-week high of $27.28. The stock’s fifty day moving average is $25.93 and its 200-day moving average is $24.38.

Fidelity Disruptive Automation ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 18th were paid a $0.026 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.42%.

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.