Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Short Interest Down 94.4% in March

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 400 shares, a drop of 94.4% from the February 29th total of 7,200 shares. Based on an average daily trading volume, of 19,000 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FBOT. Kovack Advisors Inc. acquired a new stake in shares of Fidelity Disruptive Automation ETF during the fourth quarter valued at $288,000. Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity Disruptive Automation ETF during the 2nd quarter worth approximately $293,000. Sunbelt Securities Inc. acquired a new position in Fidelity Disruptive Automation ETF in the second quarter worth approximately $60,000. Finally, Osaic Holdings Inc. acquired a new stake in shares of Fidelity Disruptive Automation ETF in the second quarter worth $36,000.

Fidelity Disruptive Automation ETF Trading Up 0.3 %

Shares of NASDAQ:FBOT traded up $0.09 during trading on Thursday, hitting $26.58. 8,633 shares of the stock were exchanged, compared to its average volume of 18,677. Fidelity Disruptive Automation ETF has a 12-month low of $20.72 and a 12-month high of $27.28. The company has a market cap of $109.24 million, a PE ratio of 34.03 and a beta of 1.18. The company has a fifty day moving average price of $25.54 and a two-hundred day moving average price of $23.93.

Fidelity Disruptive Automation ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 18th were given a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Friday, March 15th.

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.