Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Shares Down 0.2% – Here’s Why

Shares of Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) traded down 0.2% during mid-day trading on Wednesday . The stock traded as low as $48.50 and last traded at $48.55. Approximately 20,717 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 24,329 shares. The stock had previously closed at $48.66.

Fidelity Sustainable High Yield ETF Trading Down 0.2%

The firm has a market capitalization of $135.94 million, a PE ratio of 24.19 and a beta of 0.42. The firm has a 50 day simple moving average of $48.78 and a 200 day simple moving average of $48.68.

Institutional Investors Weigh In On Fidelity Sustainable High Yield ETF

Several institutional investors have recently modified their holdings of FSYD. Kestra Advisory Services LLC bought a new stake in Fidelity Sustainable High Yield ETF in the 4th quarter worth about $74,000. KW Wealth Management LLC bought a new position in Fidelity Sustainable High Yield ETF during the 4th quarter valued at about $242,000. Money Concepts Capital Corp bought a new position in Fidelity Sustainable High Yield ETF during the 4th quarter valued at about $399,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Fidelity Sustainable High Yield ETF during the 2nd quarter valued at about $517,000. Finally, Jane Street Group LLC boosted its holdings in shares of Fidelity Sustainable High Yield ETF by 288.9% during the 4th quarter. Jane Street Group LLC now owns 18,020 shares of the company’s stock valued at $873,000 after acquiring an additional 13,387 shares during the last quarter.

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.