Fidelity Stocks For Inflation ETF (BATS:FCPI) Sees Large Increase in Short Interest

Fidelity Stocks For Inflation ETF (BATS:FCPIGet Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 26,875 shares, a growth of 116.8% from the August 15th total of 12,394 shares. Based on an average daily trading volume, of 35,949 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the shares of the stock are short sold.

Fidelity Stocks For Inflation ETF Stock Performance

FCPI opened at $56.81 on Monday. The company’s 50 day moving average is $55.72 and its 200-day moving average is $53.53. The company has a market cap of $275.53 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 $47.70 and a 1-year high of $57.46.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new stake in Fidelity Stocks For Inflation ETF in the fourth quarter valued at $26,000. Parallel Advisors LLC boosted its position in Fidelity Stocks For Inflation ETF by 166.8% during the first quarter. Parallel Advisors LLC now owns 627 shares of the company’s stock valued at $31,000 after acquiring an additional 392 shares during the last quarter. Continuum Advisory LLC acquired a new position in shares of Fidelity Stocks For Inflation ETF in the 2nd quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Fidelity Stocks For Inflation ETF during the 2nd quarter valued at $41,000. Finally, Allworth Financial LP increased its stake in Fidelity Stocks For Inflation ETF by 7,036.0% in the second quarter. Allworth Financial LP now owns 1,784 shares of the company’s stock valued at $97,000 after purchasing an additional 1,759 shares in the last quarter.

About Fidelity Stocks For Inflation ETF

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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.

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