Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Decreases By 55.4%
by Mitch Edgeman · The Markets DailyFidelity Sustainable High Yield ETF (NYSEARCA:FSYD – Get Free Report) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 14,005 shares, a decrease of 55.4% from the May 14th total of 31,427 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 25,615 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On Fidelity Sustainable High Yield ETF
Several institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Sustainable High Yield ETF in the 4th quarter valued at about $74,000. KW Wealth Management LLC acquired a new position in Fidelity Sustainable High Yield ETF in the 4th quarter valued at approximately $242,000. Money Concepts Capital Corp acquired a new position in Fidelity Sustainable High Yield ETF in the 4th quarter valued at approximately $399,000. Jane Street Group LLC lifted its position in Fidelity Sustainable High Yield ETF by 288.9% in the 4th quarter. Jane Street Group LLC now owns 18,020 shares of the company’s stock worth $873,000 after buying an additional 13,387 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in Fidelity Sustainable High Yield ETF by 5.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 27,658 shares of the company’s stock worth $1,345,000 after buying an additional 1,549 shares in the last quarter.
Fidelity Sustainable High Yield ETF Stock Performance
Shares of FSYD stock traded up $0.08 on Monday, reaching $48.95. 34,346 shares of the company’s stock traded hands, compared to its average volume of 23,574. Fidelity Sustainable High Yield ETF has a 12-month low of $47.13 and a 12-month high of $49.16. The company has a market capitalization of $112.59 million, a P/E ratio of 24.19 and a beta of 0.43. The business’s 50 day moving average price is $48.76 and its two-hundred day moving average price is $48.63.
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.