Short Interest in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Rises By 130.6%

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the recipient of a significant growth in short interest in 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. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 29,278 shares, the short-interest ratio is currently 1.1 days.

Fidelity Sustainable High Yield ETF Price Performance

Shares of FSYD traded up $0.12 during trading hours on Friday, hitting $48.90. The company’s stock had a trading volume of 35,963 shares, compared to its average volume of 23,138. The company has a market cap of $112.47 million, a price-to-earnings ratio of 24.19 and a beta of 0.43. The business has a 50 day simple moving average of $48.58 and a two-hundred day simple moving average of $48.59. Fidelity Sustainable High Yield ETF has a 52-week low of $46.91 and a 52-week high of $49.16.

Hedge Funds Weigh In On Fidelity Sustainable High Yield ETF

Several large investors have recently modified their holdings of the business. Sunbelt Securities Inc. increased its stake 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 worth $1,881,000 after purchasing an additional 8,885 shares in the last quarter. Kestra Advisory Services LLC grew its stake in Fidelity Sustainable High Yield ETF by 293.7% during the first quarter. Kestra Advisory Services LLC now owns 6,051 shares of the company’s stock valued at $290,000 after acquiring an additional 4,514 shares in the last quarter. Money Concepts Capital Corp increased its holdings in Fidelity Sustainable High Yield ETF by 68.4% during the 1st quarter. Money Concepts Capital Corp now owns 13,869 shares of the company’s stock worth $664,000 after acquiring an additional 5,634 shares during the period. KW Wealth Management LLC bought a new stake in Fidelity Sustainable High Yield ETF during the 4th quarter worth approximately $242,000. Finally, Jane Street Group LLC increased its holdings in 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 acquiring an additional 13,387 shares during the period.

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.