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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 60,312 shares, a growth of 429.7% from the May 31st total of 11,385 shares. Based on an average trading volume of 24,286 shares, the short-interest ratio is currently 2.5 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Trading of Fidelity Disruptive Automation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in Fidelity Disruptive Automation ETF during the 1st quarter worth about $1,856,000. MML Investors Services LLC raised its position in shares of Fidelity Disruptive Automation ETF by 4.4% during the 2nd 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 in the last quarter. National Bank of Canada FI boosted its holdings in Fidelity Disruptive Automation ETF by 3.7% in the third quarter. National Bank of Canada FI now owns 550,430 shares of the company’s stock valued at $18,016,000 after purchasing an additional 19,728 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Fidelity Disruptive Automation ETF in the 3rd quarter valued at $33,000. Finally, Sunbelt Securities Inc. acquired a new position in Fidelity Disruptive Automation ETF in the third quarter valued at $273,000.

Fidelity Disruptive Automation ETF Stock Performance

Shares of NASDAQ:FBOT traded down $0.21 during trading hours on Friday, reaching $37.97. The stock had a trading volume of 13,871 shares, compared to its average volume of 24,301. Fidelity Disruptive Automation ETF has a 1 year low of $29.75 and a 1 year high of $40.25. The firm’s 50 day moving average is $38.67 and its 200-day moving average is $36.16. The stock has a market capitalization of $197.44 million, a price-to-earnings ratio of 29.47 and a beta of 1.29.

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.