Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Sees Significant Decrease in Short Interest

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 13,700 shares, a drop of 18.9% from the January 31st total of 16,900 shares. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Fidelity Disruptive Automation ETF

A hedge fund recently raised its stake in Fidelity Disruptive Automation ETF stock. Commonwealth Equity Services LLC grew its stake in shares of Fidelity Disruptive Automation ETF (NASDAQ:FBOT) by 28.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,617 shares of the company’s stock after acquiring an additional 2,339 shares during the period. Commonwealth Equity Services LLC owned about 0.28% of Fidelity Disruptive Automation ETF worth $300,000 at the end of the most recent reporting period.

Fidelity Disruptive Automation ETF Stock Up 0.8 %

Fidelity Disruptive Automation ETF stock traded up $0.21 during midday trading on Tuesday, hitting $27.76. The company’s stock had a trading volume of 27,370 shares, compared to its average volume of 12,464. The stock’s 50-day moving average price is $28.86 and its 200-day moving average price is $27.65. The company has a market capitalization of $105.49 million, a PE ratio of 32.45 and a beta of 1.23. Fidelity Disruptive Automation ETF has a 12 month low of $22.46 and a 12 month high of $30.10.

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.