Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Shares Down 0.2% – Here’s Why

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD)’s share price traded down 0.2% during mid-day trading on Wednesday . The stock traded as low as $48.50 and last traded at $48.55. Approximately 20,717 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 24,329 shares. The stock had previously closed at $48.66.

Fidelity Sustainable High Yield ETF Stock Performance

The business’s 50-day moving average is $48.78 and its 200-day moving average is $48.68. The company has a market capitalization of $136.11 million, a PE ratio of 24.19 and a beta of 0.42.

Hedge Funds Weigh In On Fidelity Sustainable High Yield ETF

Several large investors have recently made changes to their positions in FSYD. Kestra Advisory Services LLC bought a new stake in shares of Fidelity Sustainable High Yield ETF in the 4th quarter worth approximately $74,000. KW Wealth Management LLC bought a new position in Fidelity Sustainable High Yield ETF during the 4th quarter valued at approximately $242,000. Money Concepts Capital Corp purchased a new position in Fidelity Sustainable High Yield ETF during the fourth quarter valued at $399,000. Dynamic Advisor Solutions LLC purchased a new position in Fidelity Sustainable High Yield ETF during the second quarter valued at $517,000. Finally, Jane Street Group LLC boosted its holdings in Fidelity Sustainable High Yield ETF by 288.9% in the fourth quarter. Jane Street Group LLC now owns 18,020 shares of the company’s stock worth $873,000 after acquiring an additional 13,387 shares in the last quarter.

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.