Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Drops By 61.8%

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 6,729 shares, a decrease of 61.8% from the July 15th total of 17,626 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,094 shares, the short-interest ratio is presently 0.3 days.

Fidelity Sustainable High Yield ETF Trading Up 0.2%

FSYD opened at $48.56 on Friday. The stock has a 50-day moving average of $48.58 and a 200 day moving average of $48.62. The firm has a market cap of $145.68 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 $47.22 and a 12 month high of $49.16.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FSYD. Jane Street Group LLC grew its position 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 valued at $873,000 after acquiring an additional 13,387 shares during the period. Prairie Wealth Advisors Inc. lifted its position in Fidelity Sustainable High Yield ETF by 30.0% in the third quarter. Prairie Wealth Advisors Inc. now owns 55,086 shares of the company’s stock valued at $2,693,000 after buying an additional 12,699 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Fidelity Sustainable High Yield ETF in the 2nd quarter valued at approximately $517,000. Sunbelt Securities Inc. raised its position in 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. Finally, Money Concepts Capital Corp acquired a new position in Fidelity Sustainable High Yield ETF during the 4th quarter worth about $399,000.

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.