Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Short Interest Down 95.9% in March

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,600 shares, a decline of 95.9% from the February 26th total of 39,423 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 33,911 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 33,911 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Fidelity Sustainable High Yield ETF

Several hedge funds have recently made changes to their positions in FSYD. Money Concepts Capital Corp purchased a new position in Fidelity Sustainable High Yield ETF during the 4th quarter valued at about $399,000. KW Wealth Management LLC bought a new stake in Fidelity Sustainable High Yield ETF during the fourth quarter worth about $242,000. Jane Street Group LLC grew 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 purchasing an additional 13,387 shares during the period. Prairie Wealth Advisors Inc. increased its stake in shares of Fidelity Sustainable High Yield ETF by 30.0% during the third quarter. Prairie Wealth Advisors Inc. now owns 55,086 shares of the company’s stock valued at $2,693,000 after purchasing an additional 12,699 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Fidelity Sustainable High Yield ETF during the fourth quarter valued at approximately $74,000.

Fidelity Sustainable High Yield ETF Price Performance

NYSEARCA FSYD traded up $0.24 during trading on Wednesday, hitting $48.10. 3,054 shares of the company’s stock traded hands, compared to its average volume of 25,299. The stock has a fifty day moving average of $48.67 and a two-hundred day moving average of $48.57. Fidelity Sustainable High Yield ETF has a 12-month low of $44.30 and a 12-month high of $49.16. The firm has a market cap of $101.01 million, a P/E ratio of 24.19 and a beta of 0.46.

Fidelity Sustainable High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were given a $0.202 dividend. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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.