Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Sees Significant Decline in Short Interest
by Danessa Lincoln · The Markets DailyFidelity Sustainable High Yield ETF (NYSEARCA:FSYD – Get Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 5,119 shares, a drop of 17.5% from the November 30th total of 6,203 shares. Based on an average daily trading volume, of 24,389 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,389 shares, the short-interest ratio is presently 0.2 days.
Fidelity Sustainable High Yield ETF Price Performance
NYSEARCA FSYD traded down $0.07 during trading on Thursday, reaching $48.44. The company’s stock had a trading volume of 25,245 shares, compared to its average volume of 13,369. The stock has a market capitalization of $67.82 million, a PE ratio of 24.19 and a beta of 0.46. The firm has a fifty day moving average of $48.40 and a 200 day moving average of $48.24. Fidelity Sustainable High Yield ETF has a one year low of $44.30 and a one year high of $49.08.
Institutional Investors Weigh In On Fidelity Sustainable High Yield ETF
A hedge fund recently raised its stake in Fidelity Sustainable High Yield ETF stock. Prairie Wealth Advisors Inc. increased its holdings in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD – Free Report) by 30.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,086 shares of the company’s stock after purchasing an additional 12,699 shares during the quarter. Fidelity Sustainable High Yield ETF accounts for 1.1% of Prairie Wealth Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Prairie Wealth Advisors Inc. owned 3.93% of Fidelity Sustainable High Yield ETF worth $2,693,000 as of its most recent SEC filing.
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.