Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Sees Large Drop in Short Interest

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 203 shares, a decrease of 74.5% from the October 15th total of 795 shares. Based on an average daily volume of 17,112 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity Sustainable High Yield ETF

Several large investors have recently made changes to their positions in FSYD. Money Concepts Capital Corp acquired a new stake in shares of Fidelity Sustainable High Yield ETF during the third quarter worth $1,248,000. Kestra Advisory Services LLC boosted its stake in Fidelity Sustainable High Yield ETF by 11.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 7,169 shares of the company’s stock worth $334,000 after purchasing an additional 710 shares during the period. Envestnet Asset Management Inc. boosted its stake in 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 worth $1,077,000 after purchasing an additional 16,455 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Fidelity Sustainable High Yield ETF in the 2nd quarter worth $517,000. Finally, Sunbelt Securities Inc. boosted its stake in Fidelity Sustainable High Yield ETF by 29.2% in the 1st quarter. Sunbelt Securities Inc. now owns 39,271 shares of the company’s stock worth $1,881,000 after purchasing an additional 8,885 shares during the period.

Fidelity Sustainable High Yield ETF Stock Performance

Shares of FSYD stock opened at $46.62 on Thursday. Fidelity Sustainable High Yield ETF has a 52 week low of $46.14 and a 52 week high of $49.16. The company’s 50 day moving average price is $46.98 and its two-hundred day moving average price is $48.20. The company has a market capitalization of $139.86 million, a P/E ratio of 24.19 and a beta of 0.43.

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.