Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Shares Shorted: Short Interest Down 74.5% in October

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 203 shares, a decline of 74.5% from the October 15th total of 795 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 17,112 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Fidelity Sustainable High Yield ETF

Institutional investors have recently made changes to their positions in the company. Money Concepts Capital Corp bought a new position in Fidelity Sustainable High Yield ETF during the third quarter worth $1,248,000. Kestra Advisory Services LLC increased its stake in Fidelity Sustainable High Yield ETF by 11.0% during the third quarter. Kestra Advisory Services LLC now owns 7,169 shares of the company’s stock valued at $334,000 after purchasing an additional 710 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity Sustainable High Yield ETF by 289.9% during the second quarter. Envestnet Asset Management Inc. now owns 22,131 shares of the company’s stock valued at $1,077,000 after purchasing an additional 16,455 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in Fidelity Sustainable High Yield ETF during the second quarter valued at $517,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Fidelity Sustainable High Yield ETF by 29.2% during 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 during the period.

Fidelity Sustainable High Yield ETF Trading Down 0.2%

NYSEARCA FSYD traded down $0.07 on Friday, hitting $46.41. 20,130 shares of the stock traded hands, compared to its average volume of 23,370. The stock has a 50-day moving average of $46.91 and a 200 day moving average of $48.17. Fidelity Sustainable High Yield ETF has a twelve month low of $46.14 and a twelve month high of $49.16. The company has a market capitalization of $139.23 million, a P/E ratio of 24.19 and a beta of 0.43.

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.