Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Sees Significant Decrease in Short Interest

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 14,005 shares, a decline of 55.4% from the May 14th total of 31,427 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 25,615 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Fidelity Sustainable High Yield ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prairie Wealth Advisors Inc. grew its stake in shares of 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 valued at $2,693,000 after buying an additional 12,699 shares during the period. Sunbelt Securities Inc. grew its stake in shares of 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 valued at $1,345,000 after buying an additional 1,549 shares during the period. Money Concepts Capital Corp purchased a new stake in shares of Fidelity Sustainable High Yield ETF during the 4th quarter valued at $399,000. Jane Street Group LLC grew its stake in shares of 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 valued at $873,000 after buying an additional 13,387 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Fidelity Sustainable High Yield ETF during the 4th quarter valued at $74,000.

Fidelity Sustainable High Yield ETF Price Performance

FSYD stock traded up $0.11 during midday trading on Monday, hitting $48.98. The stock had a trading volume of 34,774 shares, compared to its average volume of 23,579. The firm has a market cap of $112.65 million, a PE ratio of 24.19 and a beta of 0.43. Fidelity Sustainable High Yield ETF has a 12-month low of $47.13 and a 12-month high of $49.16. The company’s 50-day moving average price is $48.78 and its 200 day moving average price is $48.64.

Fidelity Sustainable High Yield ETF Company Profile

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.