Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Short Interest Down 61.8% in July

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 6,729 shares, a decrease of 61.8% from the July 15th total of 17,626 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 24,094 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity Sustainable High Yield ETF Stock Performance

FSYD stock remained flat at $48.56 during trading on Friday. The company’s stock had a trading volume of 23,868 shares, compared to its average volume of 24,151. The company has a market capitalization of $145.68 million, a price-to-earnings ratio of 24.19 and a beta of 0.43. The firm’s 50 day moving average is $48.58 and its 200 day moving average is $48.62. Fidelity Sustainable High Yield ETF has a 52 week low of $47.22 and a 52 week high of $49.16.

Hedge Funds Weigh In On Fidelity Sustainable High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in Fidelity Sustainable High Yield ETF during the fourth quarter valued at approximately $74,000. KW Wealth Management LLC bought a new position in Fidelity Sustainable High Yield ETF in the fourth quarter worth approximately $242,000. Money Concepts Capital Corp purchased a new position in shares of Fidelity Sustainable High Yield ETF during the 4th quarter worth $399,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Fidelity Sustainable High Yield ETF during the 2nd quarter worth $517,000. Finally, Jane Street Group LLC grew its position in shares of Fidelity Sustainable High Yield ETF by 288.9% during the 4th quarter. Jane Street Group LLC now owns 18,020 shares of the company’s stock valued at $873,000 after acquiring an additional 13,387 shares during the period.

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.