Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Declines By 17.5%

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 5,119 shares, a decrease of 17.5% from the November 30th total of 6,203 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 24,389 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 24,389 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the company’s stock are short sold.

Fidelity Sustainable High Yield ETF Stock Performance

Shares of FSYD stock opened at $48.44 on Friday. Fidelity Sustainable High Yield ETF has a fifty-two week low of $44.30 and a fifty-two week high of $49.08. The company has a 50 day moving average price of $48.40 and a 200 day moving average price of $48.24. The stock has a market capitalization of $67.82 million, a P/E ratio of 24.19 and a beta of 0.46.

Institutional Trading of Fidelity Sustainable High Yield ETF

An institutional investor recently raised its position in Fidelity Sustainable High Yield ETF stock. Sunbelt Securities Inc. boosted its position in shares of Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,658 shares of the company’s stock after acquiring an additional 1,549 shares during the period. Sunbelt Securities Inc. owned about 1.98% of Fidelity Sustainable High Yield ETF worth $1,345,000 as of its most recent SEC filing.

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.