Fidelity Stocks For Inflation ETF (BATS:FCPI) Shares Shorted: Short Interest Up 58.0% in September

Fidelity Stocks For Inflation ETF (BATS:FCPI) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 42,458 shares, a growth of 58.0% from the August 31st total of 26,875 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 12,998 shares, the short-interest ratio is presently 3.3 days.

Hedge Funds Weigh In On Fidelity Stocks For Inflation ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of 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. Global Assets Advisory LLC bought a new position in Fidelity Stocks For Inflation ETF in the 1st quarter valued at about $1,747,000. Cetera Investment Advisers lifted its position in Fidelity Stocks For Inflation ETF by 9.3% during the first quarter. Cetera Investment Advisers now owns 12,035 shares of the company’s stock worth $592,000 after acquiring an additional 1,021 shares during the last quarter. Quantinno Capital Management LP lifted its position in Fidelity Stocks For Inflation ETF by 41.3% during the first quarter. Quantinno Capital Management LP now owns 6,506 shares of the company’s stock worth $320,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Fidelity Stocks For Inflation ETF by 67.6% during the first quarter. Kestra Advisory Services LLC now owns 5,225 shares of the company’s stock worth $257,000 after acquiring an additional 2,107 shares during the period.

Fidelity Stocks For Inflation ETF Trading Down 0.2%

Shares of BATS FCPI opened at $55.97 on Wednesday. Fidelity Stocks For Inflation ETF has a 12 month low of $47.70 and a 12 month high of $57.46. The stock has a 50 day moving average of $56.22 and a 200-day moving average of $53.96. The company has a market capitalization of $271.45 million, a P/E 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.