Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Stock Short Interest Declines 93.6%

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 780 shares, a decrease of 93.6% from the August 31st total of 12,231 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 27,827 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Fidelity Sustainable High Yield ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in Fidelity Sustainable High Yield ETF by 289.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,131 shares of the company’s stock worth $1,077,000 after acquiring an additional 16,455 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Fidelity Sustainable High Yield ETF during the second quarter valued at approximately $517,000. Sunbelt Securities Inc. boosted its holdings in shares of Fidelity Sustainable High Yield ETF by 29.2% in the first quarter. Sunbelt Securities Inc. now owns 39,271 shares of the company’s stock valued at $1,881,000 after purchasing an additional 8,885 shares during the period. Kestra Advisory Services LLC grew its stake in Fidelity Sustainable High Yield ETF by 293.7% in the first 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 in the last quarter. Finally, Money Concepts Capital Corp grew its stake in Fidelity Sustainable High Yield ETF by 68.4% in the first quarter. Money Concepts Capital Corp now owns 13,869 shares of the company’s stock worth $664,000 after purchasing an additional 5,634 shares in the last quarter.

Fidelity Sustainable High Yield ETF Price Performance

Shares of NYSEARCA:FSYD traded down $0.17 on Friday, hitting $47.17. 22,707 shares of the company’s stock were exchanged, compared to its average volume of 23,682. The stock has a market capitalization of $141.53 million, a price-to-earnings ratio of 24.19 and a beta of 0.42. Fidelity Sustainable High Yield ETF has a 12 month low of $47.19 and a 12 month high of $49.16. The business’s 50 day simple moving average is $48.22 and its two-hundred day simple moving average is $48.47.

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.