Short Interest in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Rises By 26.3%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 25,900 shares, an increase of 26.3% from the December 15th total of 20,500 shares. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Inflows and Outflows

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

Fidelity Disruptive Automation ETF Stock Up 0.9 %

Shares of NASDAQ:FBOT traded up $0.27 during midday trading on Friday, reaching $29.03. 23,434 shares of the company traded hands, compared to its average volume of 14,158. The firm’s fifty day moving average price is $28.19 and its two-hundred day moving average price is $26.92. The firm has a market capitalization of $104.51 million, a price-to-earnings ratio of 32.98 and a beta of 1.23. Fidelity Disruptive Automation ETF has a 12 month low of $22.46 and a 12 month high of $29.12.

Fidelity Disruptive Automation ETF Company Profile

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.