Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Sees Large Increase in Short Interest

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 21,488 shares, a growth of 106.7% from the January 29th total of 10,396 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 22,755 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 22,755 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.0% of the shares of the company are short sold.

Fidelity Sustainable High Yield ETF Stock Down 0.1%

FSYD traded down $0.04 during trading on Friday, reaching $48.78. 49,357 shares of the company’s stock were exchanged, compared to its average volume of 25,232. The company has a market capitalization of $102.44 million, a P/E ratio of 24.19 and a beta of 0.46. The business has a 50 day moving average price of $48.82 and a 200 day moving average price of $48.56. Fidelity Sustainable High Yield ETF has a fifty-two week low of $44.30 and a fifty-two week high of $49.16.

Fidelity Sustainable High Yield ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 26th will be paid a $0.202 dividend. The ex-dividend date of this dividend is Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Institutional Investors Weigh In On Fidelity Sustainable High Yield ETF

Institutional investors have recently added to or reduced their stakes in the stock. Prairie Wealth Advisors Inc. raised its holdings in shares of Fidelity Sustainable High Yield ETF by 25.9% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 42,387 shares of the company’s stock worth $2,040,000 after buying an additional 8,715 shares in the last quarter. Jane Street Group LLC grew its position in Fidelity Sustainable High Yield ETF by 288.9% in the fourth 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 period. Kestra Advisory Services LLC bought a new stake in Fidelity Sustainable High Yield ETF in the fourth quarter valued at $74,000. Sunbelt Securities Inc. raised its stake in Fidelity Sustainable High Yield ETF by 9.9% during the fourth quarter. Sunbelt Securities Inc. now owns 30,386 shares of the company’s stock worth $1,472,000 after acquiring an additional 2,728 shares in the last quarter. Finally, KW Wealth Management LLC bought a new position in shares of Fidelity Sustainable High Yield ETF during the fourth quarter valued at $242,000.

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.