Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Shares Shorted: Short Interest Down 93.6% in September

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a large decrease in short interest in 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. Based on an average daily volume of 27,827 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity Sustainable High Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Fidelity Sustainable High Yield ETF by 289.9% during 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 during the period. Dynamic Advisor Solutions LLC purchased a new stake in Fidelity Sustainable High Yield ETF during the 2nd quarter valued at about $517,000. Sunbelt Securities Inc. increased 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 increased its holdings in shares of 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 valued at $290,000 after purchasing an additional 4,514 shares during the period. Finally, Money Concepts Capital Corp raised its stake in shares of 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 during the last quarter.

Fidelity Sustainable High Yield ETF Trading Down 0.2%

Shares of NYSEARCA FSYD traded down $0.10 during midday trading on Friday, reaching $47.24. The company had a trading volume of 26,090 shares, compared to its average volume of 23,699. Fidelity Sustainable High Yield ETF has a 1 year low of $47.14 and a 1 year high of $49.16. The business’s 50-day simple moving average is $48.19 and its 200 day simple moving average is $48.46. The stock has a market cap of $141.72 million, a P/E ratio of 24.19 and a beta of 0.42.

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.