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

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 14,431 shares, a decline of 39.8% from the December 31st total of 23,977 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 25,712 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 25,712 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the shares of the stock are short sold.

Fidelity Sustainable High Yield ETF Trading Up 0.1%

NYSEARCA:FSYD traded up $0.04 during trading hours on Friday, hitting $48.75. 23,981 shares of the stock traded hands, compared to its average volume of 25,264. Fidelity Sustainable High Yield ETF has a fifty-two week low of $44.30 and a fifty-two week high of $49.08. The firm has a market cap of $97.50 million, a price-to-earnings ratio of 24.19 and a beta of 0.46. The firm has a 50 day moving average price of $48.64 and a 200 day moving average price of $48.41.

Fidelity Sustainable High Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 29th will be paid a $0.232 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 29th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fidelity Sustainable High Yield ETF stock. Sunbelt Securities Inc. boosted its stake in Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,658 shares of the company’s stock after acquiring an additional 1,549 shares during the quarter. Sunbelt Securities Inc. owned 1.98% of Fidelity Sustainable High Yield ETF worth $1,345,000 as of its most recent SEC filing.

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.