Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Declines By 55.4%

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 14,005 shares, a decrease of 55.4% from the May 14th total of 31,427 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 25,615 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its holdings in Fidelity Sustainable High Yield ETF by 9.9% in the 4th quarter. Sunbelt Securities Inc. now owns 30,386 shares of the company’s stock valued at $1,472,000 after purchasing an additional 2,728 shares in the last quarter. Prairie Wealth Advisors Inc. lifted its holdings in Fidelity Sustainable High Yield ETF by 30.0% in the 3rd quarter. Prairie Wealth Advisors Inc. now owns 55,086 shares of the company’s stock valued at $2,693,000 after purchasing an additional 12,699 shares in the last quarter. Jane Street Group LLC lifted its holdings in Fidelity Sustainable High Yield ETF by 288.9% in the 4th 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. Kestra Advisory Services LLC purchased a new position in Fidelity Sustainable High Yield ETF in the 4th quarter valued at about $74,000. Finally, Money Concepts Capital Corp lifted 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 in the last quarter.

Fidelity Sustainable High Yield ETF Price Performance

NYSEARCA:FSYD traded up $0.09 on Friday, reaching $48.87. The stock had a trading volume of 32,053 shares, compared to its average volume of 23,480. The company has a market cap of $112.40 million, a price-to-earnings ratio of 24.19 and a beta of 0.43. The firm’s fifty day moving average is $48.76 and its two-hundred day moving average is $48.63. Fidelity Sustainable High Yield ETF has a 12-month low of $47.13 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.