Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Short Interest Up 186.6% in August

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a significant 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 days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

Fidelity Sustainable High Yield ETF Stock Up 0.0%

Shares of NYSEARCA:FSYD opened at $47.85 on Friday. The company 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 52 week low of $47.22 and a 52 week high of $49.16. The business has a fifty day simple moving average of $48.39 and a 200-day simple moving average of $48.54.

Institutional Trading of Fidelity Sustainable High Yield ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in Fidelity Sustainable High Yield ETF in the 4th quarter valued at about $74,000. KW Wealth Management LLC acquired a new position in shares of Fidelity Sustainable High Yield ETF during the 4th quarter valued at about $242,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Fidelity Sustainable High Yield ETF during the 2nd quarter worth about $517,000. Money Concepts Capital Corp lifted its holdings in shares of Fidelity Sustainable High Yield ETF by 68.4% during the 1st quarter. Money Concepts Capital Corp now owns 13,869 shares of the company’s stock worth $664,000 after acquiring an additional 5,634 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Fidelity Sustainable High Yield ETF by 288.9% in the fourth quarter. Jane Street Group LLC now owns 18,020 shares of the company’s stock worth $873,000 after acquiring an additional 13,387 shares during 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.