Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Sees Large Growth in Short Interest

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 21,488 shares, an increase of 106.7% from the January 29th total of 10,396 shares. Based on an average daily volume of 22,755 shares, the short-interest ratio is presently 0.9 days. Approximately 1.0% of the company’s stock are short sold. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 22,755 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Fidelity Sustainable High Yield ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSYD. KW Wealth Management LLC bought a new stake in Fidelity Sustainable High Yield ETF during the fourth quarter worth approximately $242,000. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Sustainable High Yield ETF by 9.9% in the fourth quarter. Sunbelt Securities Inc. now owns 30,386 shares of the company’s stock worth $1,472,000 after buying an additional 2,728 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Fidelity Sustainable High Yield ETF during the 4th quarter worth $74,000. Jane Street Group LLC boosted its holdings in shares of Fidelity Sustainable High Yield ETF by 288.9% during the 4th quarter. Jane Street Group LLC now owns 18,020 shares of the company’s stock worth $873,000 after buying an additional 13,387 shares during the period. Finally, Money Concepts Capital Corp bought a new position in Fidelity Sustainable High Yield ETF in the 4th quarter worth $399,000.

Fidelity Sustainable High Yield ETF Trading Down 0.1%

Fidelity Sustainable High Yield ETF stock traded down $0.04 during mid-day trading on Friday, hitting $48.78. 49,357 shares of the company’s stock were exchanged, compared to its average volume of 25,232. The stock has a market cap of $102.44 million, a P/E ratio of 24.19 and a beta of 0.46. Fidelity Sustainable High Yield ETF has a 1-year low of $44.30 and a 1-year high of $49.16. The stock has a 50 day moving average of $48.82 and a two-hundred day moving average of $48.56.

Fidelity Sustainable High Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th will be paid a dividend of $0.202 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Thursday, February 26th.

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.