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

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 6,729 shares, a drop of 61.8% from the July 15th total of 17,626 shares. Based on an average daily volume of 24,094 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Fidelity Sustainable High Yield ETF

Several hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Sustainable High Yield ETF in the 4th quarter valued at approximately $74,000. KW Wealth Management LLC bought a new position in Fidelity Sustainable High Yield ETF in the fourth quarter valued at approximately $242,000. Money Concepts Capital Corp bought a new position in Fidelity Sustainable High Yield ETF in the fourth quarter valued at approximately $399,000. Dynamic Advisor Solutions LLC bought a new position in Fidelity Sustainable High Yield ETF in the second quarter valued at approximately $517,000. Finally, Jane Street Group LLC raised its position in Fidelity Sustainable High Yield ETF by 288.9% during the fourth quarter. Jane Street Group LLC now owns 18,020 shares of the company’s stock valued at $873,000 after purchasing an additional 13,387 shares in the last quarter.

Fidelity Sustainable High Yield ETF Price Performance

FSYD stock remained flat at $48.56 during midday trading on Friday. The company had a trading volume of 23,868 shares, compared to its average volume of 24,151. The stock has a market capitalization of $145.68 million, a P/E ratio of 24.19 and a beta of 0.43. The company’s fifty day simple moving average is $48.58 and its 200 day simple moving average is $48.62. Fidelity Sustainable High Yield ETF has a fifty-two week low of $47.22 and a fifty-two week high of $49.16.

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.