Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Rises By 130.6%
by Teresa Graham · The Cerbat GemFidelity Sustainable High Yield ETF (NYSEARCA:FSYD – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 31,427 shares, a growth of 130.6% from the April 30th total of 13,628 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 29,278 shares, the short-interest ratio is presently 1.1 days.
Hedge Funds Weigh In On Fidelity Sustainable High Yield ETF
Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of Fidelity Sustainable High Yield ETF in the 4th quarter worth $74,000. KW Wealth Management LLC purchased a new stake in shares of Fidelity Sustainable High Yield ETF in the 4th quarter valued at $242,000. Money Concepts Capital Corp purchased a new stake in shares of Fidelity Sustainable High Yield ETF in the 4th quarter valued at $399,000. Jane Street Group LLC boosted its stake in shares of 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. Finally, Sunbelt Securities Inc. boosted its stake in shares of Fidelity Sustainable High Yield ETF by 5.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 27,658 shares of the company’s stock valued at $1,345,000 after purchasing an additional 1,549 shares in the last quarter.
Fidelity Sustainable High Yield ETF Trading Up 0.2%
Shares of NYSEARCA:FSYD traded up $0.12 during trading on Friday, reaching $48.90. The company had a trading volume of 35,963 shares, compared to its average volume of 23,138. The company has a fifty day moving average of $48.58 and a two-hundred day moving average of $48.59. The stock has a market capitalization of $112.47 million, a P/E 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.