Fidelity Stocks For Inflation ETF (BATS:FCPI) Short Interest Update

Fidelity Stocks For Inflation ETF (BATS:FCPI) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 12,381 shares, a decline of 41.8% from the June 30th total of 21,259 shares. Based on an average daily volume of 17,012 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in 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 last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Fidelity Stocks For Inflation ETF in the 2nd quarter worth about $41,000. Raymond James Financial Inc. boosted its holdings in Fidelity Stocks For Inflation ETF by 9.4% in the 2nd quarter. Raymond James Financial Inc. now owns 30,404 shares of the company’s stock worth $1,418,000 after buying an additional 2,608 shares during the period. Jane Street Group LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF in the second quarter valued at $232,000. Finally, Bank of America Corp DE increased its position 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 valued at $866,000 after buying an additional 832 shares during the period.

Fidelity Stocks For Inflation ETF Stock Performance

FCPI stock opened at $54.66 on Friday. Fidelity Stocks For Inflation ETF has a fifty-two week low of $46.52 and a fifty-two week high of $55.08. The stock’s 50 day simple moving average is $54.19 and its 200 day simple moving average is $52.27. The company has a market cap of $265.10 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.