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

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

Institutional Trading of Fidelity Stocks For Inflation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Stocks For Inflation ETF by 93,516.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,798,366 shares of the company’s stock worth $88,983,000 after purchasing an additional 1,796,445 shares during the last quarter. Osaic Holdings Inc. raised its position in Fidelity Stocks For Inflation ETF by 2.4% in the fourth quarter. Osaic Holdings Inc. now owns 93,680 shares of the company’s stock valued at $4,638,000 after purchasing an additional 2,156 shares during the last quarter. Bank of America Corp DE boosted its position in Fidelity Stocks For Inflation ETF by 205.3% during the 1st quarter. Bank of America Corp DE now owns 46,424 shares of the company’s stock worth $2,282,000 after buying an additional 31,218 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Fidelity Stocks For Inflation ETF by 99.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 41,000 shares of the company’s stock valued at $2,029,000 after acquiring an additional 20,395 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new position in shares of Fidelity Stocks For Inflation ETF during the first quarter worth $1,747,000.

Fidelity Stocks For Inflation ETF Stock Up 1.7%

Shares of BATS:FCPI opened at $54.52 on Friday. Fidelity Stocks For Inflation ETF has a 12-month low of $46.52 and a 12-month high of $55.08. The company’s 50 day moving average price is $54.17 and its two-hundred day moving average price is $52.26. The firm has a market cap of $264.42 million, a PE 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.