Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Increases By 186.6%

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 12,231 shares, an increase of 186.6% from the August 15th total of 4,267 shares. Based on an average daily trading volume, of 17,054 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FSYD. Dynamic Advisor Solutions LLC purchased a new stake in Fidelity Sustainable High Yield ETF in the second quarter worth $517,000. Sunbelt Securities Inc. lifted its position in 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 valued at $1,881,000 after buying an additional 8,885 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Fidelity Sustainable High Yield ETF by 293.7% during the 1st quarter. Kestra Advisory Services LLC now owns 6,051 shares of the company’s stock valued at $290,000 after buying an additional 4,514 shares in the last quarter. Money Concepts Capital Corp boosted 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 valued at $664,000 after buying an additional 5,634 shares in the last quarter. Finally, KW Wealth Management LLC bought a new stake in shares of Fidelity Sustainable High Yield ETF during the 4th quarter valued at $242,000.

Fidelity Sustainable High Yield ETF Price Performance

FSYD traded down $0.13 on Monday, hitting $47.72. The company had a trading volume of 18,641 shares, compared to its average volume of 23,873. The stock has a fifty day simple moving average of $48.39 and a 200-day simple moving average of $48.53. The firm has a market capitalization of $143.16 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.

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.