Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Short Interest Down 70.7% in January

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 16,900 shares, a drop of 70.7% from the January 15th total of 57,700 shares. Based on an average trading volume of 13,400 shares, the short-interest ratio is presently 1.3 days.

Fidelity Disruptive Automation ETF Trading Down 0.5 %

NASDAQ:FBOT traded down $0.14 during trading hours on Wednesday, hitting $29.13. The company’s stock had a trading volume of 5,260 shares, compared to its average volume of 16,350. The stock has a market capitalization of $110.68 million, a P/E ratio of 32.98 and a beta of 1.23. The stock has a fifty day moving average of $28.72 and a 200-day moving average of $27.23. Fidelity Disruptive Automation ETF has a 52-week low of $22.46 and a 52-week 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 acquired a new stake in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing.

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.