Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD – Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 780 shares, a decrease of 93.6% from the August 31st total of 12,231 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,827 shares, the short-interest ratio is currently 0.0 days.
Fidelity Sustainable High Yield ETF Stock Down 0.3%
NYSEARCA:FSYD traded down $0.16 during mid-day trading on Thursday, reaching $47.34. 35,105 shares of the company were exchanged, compared to its average volume of 23,687. The stock has a market cap of $142.02 million, a PE ratio of 24.19 and a beta of 0.42. Fidelity Sustainable High Yield ETF has a 12 month low of $47.22 and a 12 month high of $49.16. The company has a fifty day moving average of $48.22 and a 200 day moving average of $48.47.
Institutional Trading of Fidelity Sustainable High Yield ETF
Several hedge funds have recently modified their holdings of FSYD. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Sustainable High Yield ETF by 289.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,131 shares of the company’s stock valued at $1,077,000 after buying an additional 16,455 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in shares of Fidelity Sustainable High Yield ETF during the second quarter valued at $517,000. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Sustainable High Yield ETF by 29.2% during the first quarter. Sunbelt Securities Inc. now owns 39,271 shares of the company’s stock valued at $1,881,000 after acquiring an additional 8,885 shares during the period. Kestra Advisory Services LLC boosted its holdings in Fidelity Sustainable High Yield ETF by 293.7% in the first quarter. Kestra Advisory Services LLC now owns 6,051 shares of the company’s stock valued at $290,000 after acquiring an additional 4,514 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in Fidelity Sustainable High Yield ETF by 68.4% in the first quarter. Money Concepts Capital Corp now owns 13,869 shares of the company’s stock valued at $664,000 after acquiring an additional 5,634 shares during the last quarter.
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.
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