Short Interest in Ionic Inflation Protection ETF (NYSEARCA:CPII) Declines By 99.8%

Ionic Inflation Protection ETF (NYSEARCA:CPII) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 1 shares, a drop of 99.8% from the June 15th total of 643 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,045 shares, the short-interest ratio is currently 0.0 days.

Ionic Inflation Protection ETF Stock Performance

CPII traded down $0.01 on Friday, reaching $18.97. 293 shares of the stock were exchanged, compared to its average volume of 793. The company’s 50-day moving average price is $19.25 and its 200 day moving average price is $19.12. Ionic Inflation Protection ETF has a fifty-two week low of $18.84 and a fifty-two week high of $19.60.

Institutional Investors Weigh In On Ionic Inflation Protection ETF

An institutional investor recently bought a new stake in Ionic Inflation Protection ETF stock. Jane Street Group LLC purchased a new position in Ionic Inflation Protection ETF (NYSEARCA:CPII) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 at the end of the most recent quarter. 42.85% of the stock is owned by hedge funds and other institutional investors.

About Ionic Inflation Protection ETF

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.