Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Stock Short Interest Falls 93.6%

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 780 shares, a drop of 93.6% from the August 31st total of 12,231 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 27,827 shares, the days-to-cover ratio is currently 0.0 days.

Fidelity Sustainable High Yield ETF Stock Down 0.3%

NYSEARCA FSYD traded down $0.16 during trading hours on Thursday, hitting $47.34. The company’s stock had a trading volume of 35,105 shares, compared to its average volume of 23,687. The stock has a fifty day moving average of $48.22 and a 200 day moving average of $48.47. Fidelity Sustainable High Yield ETF has a twelve month low of $47.22 and a twelve month high of $49.16. The firm has a market capitalization of $142.02 million, a P/E ratio of 24.19 and a beta of 0.42.

Institutional Trading of Fidelity Sustainable High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in shares of 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 valued at $1,077,000 after purchasing an additional 16,455 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in shares of Fidelity Sustainable High Yield ETF during the second quarter worth $517,000. Sunbelt Securities Inc. grew its stake in shares of Fidelity Sustainable High Yield ETF by 29.2% during the first 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. Money Concepts Capital Corp increased its holdings in Fidelity Sustainable High Yield ETF by 68.4% in the first quarter. Money Concepts Capital Corp now owns 13,869 shares of the company’s stock valued at $664,000 after purchasing an additional 5,634 shares during the last quarter. Finally, KW Wealth Management LLC acquired a new position in Fidelity Sustainable High Yield ETF in the fourth quarter valued at about $242,000.

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.