Fidelity Stocks For Inflation ETF (BATS:FCPI) Short Interest Up 801.9% in April

Fidelity Stocks For Inflation ETF (BATS:FCPI) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 24,316 shares, a growth of 801.9% from the April 15th total of 2,696 shares. Based on an average daily trading volume, of 11,712 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of Fidelity Stocks For Inflation ETF

A number of institutional investors and hedge funds have recently modified their holdings of FCPI. JPMorgan Chase & Co. raised its holdings in shares of Fidelity Stocks For Inflation ETF by 343.1% during the second quarter. JPMorgan Chase & Co. now owns 16,265 shares of the company’s stock worth $759,000 after purchasing an additional 12,594 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Fidelity Stocks For Inflation ETF during the second quarter worth $41,000. Raymond James Financial Inc. raised its holdings in shares of Fidelity Stocks For Inflation ETF by 9.4% during the second quarter. Raymond James Financial Inc. now owns 30,404 shares of the company’s stock worth $1,418,000 after purchasing an additional 2,608 shares during the period. Jane Street Group LLC acquired a new stake in shares of Fidelity Stocks For Inflation ETF during the second quarter worth $232,000. Finally, Bank of America Corp DE raised its holdings in shares of Fidelity Stocks For Inflation ETF by 4.7% during the second quarter. Bank of America Corp DE now owns 18,566 shares of the company’s stock worth $866,000 after purchasing an additional 832 shares during the period.

Fidelity Stocks For Inflation ETF Stock Up 0.3%

Shares of BATS FCPI opened at $54.01 on Tuesday. The stock’s 50 day moving average price is $51.01 and its two-hundred day moving average price is $50.59. Fidelity Stocks For Inflation ETF has a 52-week low of $44.22 and a 52-week high of $54.10. The stock has a market capitalization of $261.95 million, a P/E ratio of 18.17 and a beta of 0.91.

About Fidelity Stocks For Inflation ETF

The Fidelity Stocks for Inflation ETF (FCPI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of U.S. large- and mid-cap stocks based on multi-factor criteria with structural tilts towards inflation-sensitive sectors and industries FCPI was launched on Nov 5, 2019 and is managed by Fidelity.