Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Short Interest Update

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 2,953 shares, an increase of 84.6% from the March 15th total of 1,600 shares. Based on an average daily trading volume, of 14,871 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Fidelity Sustainable High Yield ETF Price Performance

NYSEARCA FSYD opened at $48.81 on Wednesday. The firm’s fifty day moving average price is $48.45 and its 200 day moving average price is $48.51. Fidelity Sustainable High Yield ETF has a 12 month low of $46.01 and a 12 month high of $49.16. The company has a market capitalization of $112.26 million, a price-to-earnings ratio of 24.19 and a beta of 0.45.

Fidelity Sustainable High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were issued a dividend of $0.202 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 5.0%.

Institutional Trading of Fidelity Sustainable High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in Fidelity Sustainable High Yield ETF during the 4th quarter worth approximately $74,000. Sunbelt Securities Inc. increased its position in Fidelity Sustainable High Yield ETF by 5.9% during the third quarter. Sunbelt Securities Inc. now owns 27,658 shares of the company’s stock worth $1,345,000 after buying an additional 1,549 shares during the period. KW Wealth Management LLC purchased a new stake in Fidelity Sustainable High Yield ETF in the fourth quarter valued at approximately $242,000. Money Concepts Capital Corp purchased a new stake in Fidelity Sustainable High Yield ETF in the fourth quarter valued at approximately $399,000. Finally, Prairie Wealth Advisors Inc. boosted its holdings in shares of Fidelity Sustainable High Yield ETF by 30.0% in the third quarter. Prairie Wealth Advisors Inc. now owns 55,086 shares of the company’s stock valued at $2,693,000 after acquiring an additional 12,699 shares during the period.

About Fidelity Sustainable High Yield ETF

The Fidelity Sustainable High Yield ETF (FSYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that combines a multi-factor quantitative screen, fundamental analysis, and ESG rating to select high-yield bonds issued by global corporations that exhibit sustainability practices. FSYD was launched on Feb 15, 2022 and is managed by Fidelity.