Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Rises By 130.6%

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 31,427 shares, an increase of 130.6% from the April 30th total of 13,628 shares. Based on an average daily volume of 29,278 shares, the short-interest ratio is presently 1.1 days. Approximately 1.4% of the company’s stock are sold short.

Fidelity Sustainable High Yield ETF Stock Down 0.1%

FSYD traded down $0.05 during midday trading on Monday, hitting $48.85. The company had a trading volume of 26,630 shares, compared to its average volume of 23,171. Fidelity Sustainable High Yield ETF has a 52 week low of $46.91 and a 52 week high of $49.16. The company has a market capitalization of $112.36 million, a price-to-earnings ratio of 24.19 and a beta of 0.43. The stock’s 50 day moving average price is $48.59 and its 200 day moving average price is $48.59.

Institutional Investors Weigh In On Fidelity Sustainable High Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Prairie Wealth Advisors Inc. increased its stake in Fidelity Sustainable High Yield ETF by 30.0% in the third quarter. Prairie Wealth Advisors Inc. now owns 55,086 shares of the company’s stock valued at $2,693,000 after purchasing an additional 12,699 shares in the last quarter. Sunbelt Securities Inc. increased its position 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 acquiring an additional 8,885 shares in the last quarter. Jane Street Group LLC increased its position in shares of Fidelity Sustainable High Yield ETF by 288.9% during 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 in the last quarter. Money Concepts Capital Corp increased its position 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 worth $664,000 after acquiring an additional 5,634 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Fidelity Sustainable High Yield ETF by 293.7% during the first quarter. Kestra Advisory Services LLC now owns 6,051 shares of the company’s stock worth $290,000 after acquiring an additional 4,514 shares in the last quarter.

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.