Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Short Interest Update

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 13,628 shares, an increase of 637.0% from the April 15th total of 1,849 shares. Based on an average trading volume of 13,453 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the shares of the stock are short sold.

Fidelity Sustainable High Yield ETF Price Performance

NYSEARCA:FSYD opened at $48.87 on Thursday. Fidelity Sustainable High Yield ETF has a 52 week low of $46.86 and a 52 week high of $49.16. The stock’s 50-day moving average price is $48.46 and its 200-day moving average price is $48.56. The stock has a market capitalization of $112.40 million, a PE ratio of 24.19 and a beta of 0.43.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new stake in shares of Fidelity Sustainable High Yield ETF during the 4th quarter valued at approximately $74,000. KW Wealth Management LLC acquired a new position in shares of Fidelity Sustainable High Yield ETF in the fourth quarter valued at approximately $242,000. Money Concepts Capital Corp acquired a new position in shares of Fidelity Sustainable High Yield ETF in the fourth quarter worth $399,000. Jane Street Group LLC increased its holdings in 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. Finally, Sunbelt Securities Inc. increased its stake in shares of Fidelity Sustainable High Yield ETF by 5.9% during the third quarter. Sunbelt Securities Inc. now owns 27,658 shares of the company’s stock worth $1,345,000 after buying an additional 1,549 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.