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

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a large drop in short interest in 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 company’s stock are sold short. Based on an average trading volume of 14,600 shares, the short-interest ratio is presently 0.4 days.

Fidelity Disruptive Automation ETF Trading Up 2.7 %

Shares of NASDAQ FBOT traded up $0.73 during mid-day trading on Friday, hitting $27.64. The company had a trading volume of 6,908 shares, compared to its average volume of 12,002. The company has a market capitalization of $105.03 million, a PE ratio of 30.00 and a beta of 1.23. The firm has a 50-day simple moving average of $28.72 and a two-hundred day simple moving average of $27.71. Fidelity Disruptive Automation ETF has a one year low of $22.46 and a one year high of $30.10.

Hedge Funds Weigh In On Fidelity Disruptive Automation ETF

A hedge fund recently bought a new stake in Fidelity Disruptive Automation ETF stock. Jane Street Group LLC purchased a new position in shares of Fidelity Disruptive Automation ETF (NASDAQ:FBOT) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 137,260 shares of the company’s stock, valued at approximately $3,712,000. Jane Street Group LLC owned 3.71% of Fidelity Disruptive Automation ETF as of its most recent filing with the Securities & Exchange Commission.

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.