Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 13,628 shares, a growth of 637.0% from the April 15th total of 1,849 shares. Based on an average daily trading volume, of 13,453 shares, the short-interest ratio is presently 1.0 days. Approximately 0.6% of the company’s stock are short sold.
Fidelity Sustainable High Yield ETF Stock Down 0.3%
Fidelity Sustainable High Yield ETF stock traded down $0.15 during trading on Tuesday, reaching $48.78. The stock had a trading volume of 22,144 shares, compared to its average volume of 22,513. 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 market cap of $112.19 million, a PE ratio of 24.19 and a beta of 0.43. The business has a 50 day moving average price of $48.45 and a 200 day moving average price of $48.55.
Hedge Funds Weigh In On Fidelity Sustainable High Yield ETF
Several large investors have recently bought and sold shares of FSYD. Kestra Advisory Services LLC acquired a new stake in Fidelity Sustainable High Yield ETF in the fourth quarter valued at $74,000. KW Wealth Management LLC purchased a new position in shares of Fidelity Sustainable High Yield ETF in the 4th quarter valued at about $242,000. Money Concepts Capital Corp acquired a new stake in shares of Fidelity Sustainable High Yield ETF during the 4th quarter worth about $399,000. Jane Street Group LLC lifted its stake in Fidelity Sustainable High Yield ETF by 288.9% during the fourth 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, Sunbelt Securities Inc. boosted its holdings in Fidelity Sustainable High Yield ETF by 5.9% in the third quarter. Sunbelt Securities Inc. now owns 27,658 shares of the company’s stock valued at $1,345,000 after purchasing an additional 1,549 shares in the last quarter.
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.
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