Fidelity Stocks For Inflation ETF (BATS:FCPI) Sees Significant Drop in Short Interest

Fidelity Stocks For Inflation ETF (BATS:FCPI) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 4,669 shares, a decrease of 80.8% from the April 30th total of 24,316 shares. Based on an average daily trading volume, of 16,201 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Fidelity Stocks For Inflation ETF Trading Up 0.5%

Shares of Fidelity Stocks For Inflation ETF stock traded up $0.27 on Friday, reaching $54.84. The stock had a trading volume of 10,195 shares, compared to its average volume of 16,286. The business’s 50 day moving average is $52.00 and its two-hundred day moving average is $50.99. The company has a market cap of $265.97 million, a P/E ratio of 18.17 and a beta of 0.91. Fidelity Stocks For Inflation ETF has a 1 year low of $44.94 and a 1 year high of $54.92.

Institutional Investors Weigh In On Fidelity Stocks For Inflation ETF

A number of large investors have recently made changes to their positions in FCPI. JPMorgan Chase & Co. grew its stake in shares of Fidelity Stocks For Inflation ETF by 343.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,265 shares of the company’s stock valued at $759,000 after purchasing an additional 12,594 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Fidelity Stocks For Inflation ETF during the 2nd quarter valued at about $41,000. Raymond James Financial Inc. lifted its position in shares of Fidelity Stocks For Inflation ETF by 9.4% during the 2nd quarter. Raymond James Financial Inc. now owns 30,404 shares of the company’s stock valued at $1,418,000 after buying an additional 2,608 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF during the 2nd quarter valued at about $232,000. Finally, Bank of America Corp DE lifted its position in shares of Fidelity Stocks For Inflation ETF by 4.7% during the 2nd 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 in the last quarter.

Fidelity Stocks For Inflation ETF Company Profile

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.