Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Decreases By 55.4%

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 14,005 shares, a decline of 55.4% from the May 14th total of 31,427 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 25,615 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Fidelity Sustainable High Yield ETF

Large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in Fidelity Sustainable High Yield ETF in the 4th quarter valued at about $74,000. KW Wealth Management LLC acquired a new stake in Fidelity Sustainable High Yield ETF in the 4th quarter valued at about $242,000. Money Concepts Capital Corp acquired a new stake in Fidelity Sustainable High Yield ETF in the 4th quarter valued at about $399,000. Jane Street Group LLC grew its stake 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 valued at $873,000 after acquiring an additional 13,387 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake 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 valued at $1,345,000 after acquiring an additional 1,549 shares during the last quarter.

Fidelity Sustainable High Yield ETF Price Performance

Shares of NYSEARCA FSYD traded up $0.09 during trading on Friday, hitting $48.87. 32,053 shares of the company were exchanged, compared to its average volume of 23,480. The company has a market cap of $112.40 million, a price-to-earnings ratio of 24.19 and a beta of 0.43. Fidelity Sustainable High Yield ETF has a 1 year low of $47.13 and a 1 year high of $49.16. The firm’s fifty day moving average price is $48.76 and its 200 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.