Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 12,231 shares, a growth of 186.6% from the August 15th total of 4,267 shares. Based on an average daily volume of 17,054 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are sold short.
Institutional Trading of Fidelity Sustainable High Yield ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in shares of Fidelity Sustainable High Yield ETF during the 4th quarter worth about $74,000. Sunbelt Securities Inc. raised its position in shares of Fidelity Sustainable High Yield ETF by 9.9% in the fourth quarter. Sunbelt Securities Inc. now owns 30,386 shares of the company’s stock valued at $1,472,000 after buying an additional 2,728 shares during the last quarter. KW Wealth Management LLC purchased a new position in shares of Fidelity Sustainable High Yield ETF during the fourth quarter valued at approximately $242,000. Money Concepts Capital Corp lifted its stake in shares of Fidelity Sustainable High Yield ETF by 68.4% during the first quarter. Money Concepts Capital Corp now owns 13,869 shares of the company’s stock valued at $664,000 after buying an additional 5,634 shares during the period. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Fidelity Sustainable High Yield ETF during the second quarter worth approximately $517,000.
Fidelity Sustainable High Yield ETF Stock Performance
FSYD stock opened at $47.85 on Friday. The stock’s 50 day moving average price is $48.39 and its 200 day moving average price is $48.54. The firm has a market cap of $143.55 million, a P/E ratio of 24.19 and a beta of 0.42. Fidelity Sustainable High Yield ETF has a 1 year low of $47.22 and a 1 year high of $49.16.
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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