Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Decreases By 39.8%

by · The Cerbat Gem

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD – Get Free Report) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 14,431 shares, a decrease of 39.8% from the December 31st total of 23,977 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 25,712 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 25,712 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fidelity Sustainable High Yield ETF stock. Prairie Wealth Advisors Inc. raised its holdings in shares of Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD – Free Report) by 25.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,387 shares of the company’s stock after acquiring an additional 8,715 shares during the quarter. Fidelity Sustainable High Yield ETF makes up approximately 0.9% of Prairie Wealth Advisors Inc.’s holdings, making the stock its 20th biggest position. Prairie Wealth Advisors Inc. owned approximately 3.94% of Fidelity Sustainable High Yield ETF worth $2,040,000 at the end of the most recent quarter.

Fidelity Sustainable High Yield ETF Stock Down 0.7%

Shares of NYSEARCA FSYD opened at $48.66 on Friday. The company has a market cap of $97.32 million, a price-to-earnings ratio of 24.19 and a beta of 0.46. Fidelity Sustainable High Yield ETF has a 12-month low of $44.30 and a 12-month high of $49.08. The firm’s 50-day simple moving average is $48.62 and its 200 day simple moving average is $48.40.

Fidelity Sustainable High Yield ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th will be issued a dividend of $0.232 per share. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Thursday, January 29th.

About Fidelity Sustainable High Yield ETF

(Get Free Report)

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.

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