Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Decreases By 39.8%

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 14,431 shares, a decrease of 39.8% from the December 31st total of 23,977 shares. Based on an average trading volume of 25,712 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 25,712 shares, the days-to-cover ratio is presently 0.6 days.

Fidelity Sustainable High Yield ETF Trading Up 0.1%

Fidelity Sustainable High Yield ETF stock traded up $0.04 during midday trading on Friday, hitting $48.75. The stock had a trading volume of 23,981 shares, compared to its average volume of 25,264. Fidelity Sustainable High Yield ETF has a 52-week low of $44.30 and a 52-week high of $49.08. The company has a market capitalization of $97.50 million, a PE ratio of 24.19 and a beta of 0.46. The firm’s fifty day moving average is $48.64 and its two-hundred day moving average is $48.42.

Fidelity Sustainable High Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th will be paid a dividend of $0.232 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Thursday, January 29th.

Institutional Trading of Fidelity Sustainable High Yield ETF

An institutional investor recently raised its position in Fidelity Sustainable High Yield ETF stock. Prairie Wealth Advisors Inc. raised its stake in shares of Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) by 30.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,086 shares of the company’s stock after purchasing an additional 12,699 shares during the period. Fidelity Sustainable High Yield ETF accounts for about 1.1% of Prairie Wealth Advisors Inc.’s portfolio, making the stock its 14th biggest position. Prairie Wealth Advisors Inc. owned about 3.93% of Fidelity Sustainable High Yield ETF worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.