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

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 13,628 shares, an increase of 637.0% from the April 15th total of 1,849 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 13,453 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FSYD. Prairie Wealth Advisors Inc. raised its position in Fidelity Sustainable High Yield ETF by 30.0% during the 3rd quarter. Prairie Wealth Advisors Inc. now owns 55,086 shares of the company’s stock worth $2,693,000 after purchasing an additional 12,699 shares during the last quarter. Sunbelt Securities Inc. raised its position in Fidelity Sustainable High Yield ETF by 5.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 27,658 shares of the company’s stock worth $1,345,000 after purchasing an additional 1,549 shares during the last quarter. Money Concepts Capital Corp bought a new position in Fidelity Sustainable High Yield ETF during the 4th quarter worth $399,000. Jane Street Group LLC raised its position in Fidelity Sustainable High Yield ETF by 288.9% during the 4th quarter. Jane Street Group LLC now owns 18,020 shares of the company’s stock worth $873,000 after purchasing an additional 13,387 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Fidelity Sustainable High Yield ETF during the 4th quarter worth $74,000.

Fidelity Sustainable High Yield ETF Price Performance

Shares of Fidelity Sustainable High Yield ETF stock traded up $0.06 during trading on Wednesday, hitting $48.87. The company’s stock had a trading volume of 34,866 shares, compared to its average volume of 22,731. The stock has a market cap of $112.40 million, a price-to-earnings ratio of 24.19 and a beta of 0.43. Fidelity Sustainable High Yield ETF has a 52 week low of $46.86 and a 52 week high of $49.16. The stock has a 50-day moving average price of $48.46 and a two-hundred day moving average price of $48.56.

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.