Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Trading Down 0.2% – Here’s What Happened

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) shares were down 0.2% during mid-day trading on Thursday . The company traded as low as $48.08 and last traded at $48.15. Approximately 12,465 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 23,996 shares. The stock had previously closed at $48.25.

Fidelity Sustainable High Yield ETF Trading Down 0.1%

The company has a market capitalization of $144.33 million, a price-to-earnings ratio of 24.19 and a beta of 0.42. The firm’s fifty day simple moving average is $48.67 and its two-hundred day simple moving average is $48.65.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. KW Wealth Management LLC acquired a new stake in Fidelity Sustainable High Yield ETF during the fourth quarter worth $242,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Fidelity Sustainable High Yield ETF during the 2nd quarter worth $517,000. Jane Street Group LLC grew its holdings 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 worth $873,000 after purchasing an additional 13,387 shares during the period. Prairie Wealth Advisors Inc. increased its position in shares of Fidelity Sustainable High Yield ETF by 30.0% during the 3rd quarter. Prairie Wealth Advisors Inc. now owns 55,086 shares of the company’s stock worth $2,693,000 after purchasing an additional 12,699 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Fidelity Sustainable High Yield ETF during the 4th quarter worth about $74,000.

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.