Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Short Interest Up 130.6% in May

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 31,427 shares, an increase of 130.6% from the April 30th total of 13,628 shares. Based on an average daily volume of 29,278 shares, the short-interest ratio is presently 1.1 days. Currently, 1.4% of the company’s shares are short sold.

Institutional Trading of Fidelity Sustainable High Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. raised its position in shares of Fidelity Sustainable High Yield ETF by 29.2% during the 1st quarter. Sunbelt Securities Inc. now owns 39,271 shares of the company’s stock valued at $1,881,000 after buying an additional 8,885 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Fidelity Sustainable High Yield ETF by 293.7% during the 1st quarter. Kestra Advisory Services LLC now owns 6,051 shares of the company’s stock worth $290,000 after purchasing an additional 4,514 shares during the period. Money Concepts Capital Corp increased its holdings in Fidelity Sustainable High Yield ETF by 68.4% in the 1st quarter. Money Concepts Capital Corp now owns 13,869 shares of the company’s stock valued at $664,000 after purchasing an additional 5,634 shares during the last quarter. KW Wealth Management LLC acquired a new position in Fidelity Sustainable High Yield ETF during the fourth quarter worth $242,000. Finally, Jane Street Group LLC boosted its position in shares of 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 worth $873,000 after buying an additional 13,387 shares during the period.

Fidelity Sustainable High Yield ETF Trading Down 0.1%

Shares of FSYD traded down $0.05 during trading hours on Tuesday, reaching $48.85. 26,630 shares of the company traded hands, compared to its average volume of 23,171. The stock’s fifty day moving average price is $48.59 and its 200 day moving average price is $48.59. The firm has a market cap of $112.36 million, a price-to-earnings ratio of 24.19 and a beta of 0.43. Fidelity Sustainable High Yield ETF has a 12-month low of $46.91 and a 12-month high of $49.16.

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.