Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Short Interest Down 61.8% in July

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

Hedge Funds Weigh In On Fidelity Sustainable High Yield ETF

A number of large investors have recently bought and sold shares of FSYD. Dynamic Advisor Solutions LLC acquired a new position in Fidelity Sustainable High Yield ETF during the second quarter worth about $517,000. Kestra Advisory Services LLC acquired a new position in Fidelity Sustainable High Yield ETF in the 4th quarter valued at about $74,000. Jane Street Group LLC lifted its stake in shares of Fidelity Sustainable High Yield ETF by 288.9% during the fourth quarter. Jane Street Group LLC now owns 18,020 shares of the company’s stock valued at $873,000 after buying an additional 13,387 shares during the period. Prairie Wealth Advisors Inc. boosted its holdings 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 worth $2,693,000 after purchasing an additional 12,699 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Fidelity Sustainable High Yield ETF by 29.2% in the 1st quarter. Sunbelt Securities Inc. now owns 39,271 shares of the company’s stock valued at $1,881,000 after buying an additional 8,885 shares during the period.

Fidelity Sustainable High Yield ETF Trading Up 0.2%

Fidelity Sustainable High Yield ETF stock opened at $48.56 on Friday. The company has a fifty day simple moving average of $48.58 and a 200-day simple moving average of $48.62. The stock 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.

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.