Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Sees Large Growth in Short Interest

by · The Cerbat Gem

Fidelity Disruptive Automation ETF (NASDAQ:FBOT – Get Free Report) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 62,800 shares, agrowthof61.4% from the July 31st total of 38,900 shares. Based on an average trading volume of 18,900 shares, the short-interest ratio is presently 3.3 days. Based on an average trading volume of 18,900 shares, the short-interest ratio is presently 3.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new position in Fidelity Disruptive Automation ETF during the first quarter valued at $2,245,000. Sunbelt Securities Inc. acquired a new stake in shares of Fidelity Disruptive Automation ETF during the first quarter worth about $249,000. Virtu Financial LLC acquired a new position in Fidelity Disruptive Automation ETF in the 1st quarter valued at about $926,000. MML Investors Services LLC increased its stake in shares of Fidelity Disruptive Automation ETF by 4.4% during the second quarter. MML Investors Services LLC now owns 37,173 shares of the company’s stock worth $1,114,000 after acquiring an additional 1,560 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in Fidelity Disruptive Automation ETF in the second quarter valued at about $1,969,000.

Fidelity Disruptive Automation ETF Stock Up 1.4%

NASDAQ FBOT traded up $0.45 on Monday, reaching $31.97. The company had a trading volume of 16,592 shares, compared to its average volume of 19,241. The stock has a market capitalization of $137.49 million, a P/E ratio of 29.47 and a beta of 1.22. Fidelity Disruptive Automation ETF has a 52-week low of $22.22 and a 52-week high of $32.08. The company’s fifty day moving average is $31.16 and its 200 day moving average is $28.71.

Fidelity Disruptive Automation ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Friday, June 20th were paid a dividend of $0.067 per share. The ex-dividend date was Friday, June 20th. This is a positive change from Fidelity Disruptive Automation ETF’s previous quarterly dividend of $0.03. This represents a $0.27 dividend on an annualized basis and a yield of 0.8%.

Fidelity Disruptive Automation ETF Company Profile

(Get Free Report)

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.

Read More