Short Interest in Fidelity Stocks For Inflation ETF (BATS:FCPI) Increases By 116.8%

Fidelity Stocks For Inflation ETF (BATS:FCPI) was the target of a significant 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 days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company’s stock are sold short.

Fidelity Stocks For Inflation ETF Price Performance

Fidelity Stocks For Inflation ETF stock opened at $56.81 on Monday. The company’s 50 day moving average price is $55.72 and its two-hundred day moving average price is $53.53. The stock 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 52 week low of $47.70 and a 52 week high of $57.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compound Planning Inc. lifted its position in shares of Fidelity Stocks For Inflation ETF by 3.3% during the fourth quarter. Compound Planning Inc. now owns 6,868 shares of the company’s stock worth $340,000 after acquiring an additional 217 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Fidelity Stocks For Inflation ETF by 166.8% in the first quarter. Parallel Advisors LLC now owns 627 shares of the company’s stock worth $31,000 after acquiring an additional 392 shares during the period. Cetera Investment Advisers grew its position in shares of Fidelity Stocks For Inflation ETF by 4.9% in the fourth quarter. Cetera Investment Advisers now owns 11,014 shares of the company’s stock valued at $545,000 after purchasing an additional 519 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF in the fourth quarter valued at $26,000. Finally, Continuum Advisory LLC bought a new stake in shares of Fidelity Stocks For Inflation ETF during the 2nd quarter valued at $35,000.

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.