Fidelity Disruptive Automation ETF (NASDAQ:FBOT – Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,200 shares, a drop of 62.0% from the February 13th total of 13,700 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 14,600 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Fidelity Disruptive Automation ETF stock. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity Disruptive Automation ETF (NASDAQ:FBOT – Free Report) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,617 shares of the company’s stock after purchasing an additional 2,339 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.28% of Fidelity Disruptive Automation ETF worth $300,000 at the end of the most recent reporting period.
Fidelity Disruptive Automation ETF Stock Performance
Shares of FBOT traded up $0.73 during mid-day trading on Friday, reaching $27.64. The stock had a trading volume of 6,908 shares, compared to its average volume of 12,002. The business has a fifty day moving average of $28.71 and a 200 day moving average of $27.72. The firm has a market cap of $105.03 million, a price-to-earnings ratio of 30.00 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.
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.
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