Ionic Inflation Protection ETF (NYSEARCA:CPII) Sees Significant Increase in Short Interest

Ionic Inflation Protection ETF (NYSEARCA:CPII) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,064 shares, a growth of 293.2% from the August 31st total of 1,288 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 902 shares, the days-to-cover ratio is presently 5.6 days.

Ionic Inflation Protection ETF Stock Performance

Shares of CPII traded down $0.07 during trading hours on Friday, hitting $19.03. The stock had a trading volume of 16 shares, compared to its average volume of 907. Ionic Inflation Protection ETF has a 12 month low of $18.76 and a 12 month high of $19.60. The stock has a fifty day moving average price of $18.99 and a 200 day moving average price of $19.14.

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.