Short Interest in Fidelity Stocks For Inflation ETF (BATS:FCPI) Increases By 202.5%

Fidelity Stocks For Inflation ETF (BATS:FCPI) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 14,124 shares, an increase of 202.5% from the May 14th total of 4,669 shares. Based on an average trading volume of 13,935 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the shares of the company are short sold.

Fidelity Stocks For Inflation ETF Stock Performance

BATS FCPI traded up $0.51 during trading hours on Friday, hitting $53.98. The company had a trading volume of 12,787 shares, compared to its average volume of 16,571. Fidelity Stocks For Inflation ETF has a 52 week low of $45.34 and a 52 week high of $55.08. The firm has a 50 day simple moving average of $53.04 and a 200 day simple moving average of $51.29. The firm has a market capitalization of $261.80 million, a price-to-earnings ratio of 18.17 and a beta of 0.91.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new position in Fidelity Stocks For Inflation ETF in the 4th quarter worth about $26,000. Parallel Advisors LLC boosted its stake in Fidelity Stocks For Inflation ETF by 166.8% in the 1st quarter. Parallel Advisors LLC now owns 627 shares of the company’s stock worth $31,000 after purchasing an additional 392 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Fidelity Stocks For Inflation ETF in the 2nd quarter worth about $41,000. Kestra Advisory Services LLC bought a new position in Fidelity Stocks For Inflation ETF in the 4th quarter worth about $154,000. Finally, National Bank of Canada FI bought a new stake in shares of Fidelity Stocks For Inflation ETF during the 3rd quarter valued at about $178,000.

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.