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

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

Fidelity Disruptive Automation ETF Price Performance

Shares of FBOT stock opened at $37.97 on Friday. The stock has a market capitalization of $197.44 million, a PE ratio of 29.47 and a beta of 1.29. The business’s 50 day simple moving average is $38.67 and its 200 day simple moving average is $36.16. Fidelity Disruptive Automation ETF has a one year low of $29.75 and a one year high of $40.25.

Institutional Investors Weigh In On Fidelity Disruptive Automation ETF

Institutional investors have recently modified their holdings of the company. Key Capital Management INC bought a new stake in shares of Fidelity Disruptive Automation ETF in the 4th quarter valued at $27,000. Advisory Services Network LLC bought a new position in Fidelity Disruptive Automation ETF during the third quarter worth $33,000. Raleigh Capital Management Inc. bought a new position in Fidelity Disruptive Automation ETF during the fourth quarter worth $38,000. Federation des caisses Desjardins du Quebec lifted its holdings in Fidelity Disruptive Automation ETF by 2,616.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,146 shares of the company’s stock valued at $72,000 after buying an additional 2,067 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in Fidelity Disruptive Automation ETF in the third quarter valued at $273,000.

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.