Ionic Inflation Protection ETF (NYSEARCA:CPII) Sees Large Decrease in Short Interest

Ionic Inflation Protection ETF (NYSEARCA:CPII) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 665 shares, a drop of 44.4% from the May 14th total of 1,197 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 378 shares, the days-to-cover ratio is currently 1.8 days.

Ionic Inflation Protection ETF Price Performance

NYSEARCA:CPII traded down $0.06 on Friday, reaching $19.17. 392 shares of the company’s stock were exchanged, compared to its average volume of 815. Ionic Inflation Protection ETF has a 52 week low of $18.84 and a 52 week high of $19.60. The stock has a fifty day simple moving average of $19.33 and a 200-day simple moving average of $19.12.

Hedge Funds Weigh In On Ionic Inflation Protection ETF

An institutional investor recently bought a new position in Ionic Inflation Protection ETF stock. Jane Street Group LLC bought a new position in shares of Ionic Inflation Protection ETF (NYSEARCA:CPII) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,157 shares of the company’s stock, valued at approximately $267,000. Jane Street Group LLC owned 2.57% of Ionic Inflation Protection ETF as of its most recent SEC filing. 42.85% of the stock is owned by hedge funds and other institutional investors.

Ionic Inflation Protection ETF Company Profile

The Ionic Inflation Protection ETF (CPII) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in inflation swaps, swaptions, and US TIPS that are expected to benefit from inflation, increasing interest rates, and fixed income volatility. CPII was launched on Jun 28, 2022 and is managed by Ionic.