Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Short Interest Update

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 2,953 shares, an increase of 84.6% from the March 15th total of 1,600 shares. Based on an average daily trading volume, of 14,871 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Sustainable High Yield ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in Fidelity Sustainable High Yield ETF during the fourth quarter worth about $74,000. KW Wealth Management LLC bought a new position in Fidelity Sustainable High Yield ETF during the fourth quarter worth about $242,000. Money Concepts Capital Corp bought a new position in Fidelity Sustainable High Yield ETF during the fourth quarter worth about $399,000. Jane Street Group LLC lifted its stake in 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 worth $873,000 after purchasing an additional 13,387 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Fidelity Sustainable High Yield ETF by 5.9% during the third quarter. Sunbelt Securities Inc. now owns 27,658 shares of the company’s stock worth $1,345,000 after purchasing an additional 1,549 shares during the period.

Fidelity Sustainable High Yield ETF Price Performance

FSYD stock opened at $48.57 on Monday. Fidelity Sustainable High Yield ETF has a twelve month low of $45.35 and a twelve month high of $49.16. The company has a market cap of $111.71 million, a PE ratio of 24.19 and a beta of 0.45. The business’s 50-day simple moving average is $48.45 and its 200 day simple moving average is $48.51.

Fidelity Sustainable High Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a dividend of $0.202 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a 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.