Fidelity Stocks For Inflation ETF (BATS:FCPI) Short Interest Update

Fidelity Stocks For Inflation ETF (BATS:FCPI) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 26,875 shares, an increase of 116.8% from the August 15th total of 12,394 shares. Based on an average daily volume of 35,949 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of Fidelity Stocks For Inflation ETF in the fourth quarter worth $26,000. Parallel Advisors LLC boosted its stake 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 buying an additional 392 shares during the period. Continuum Advisory LLC purchased a new position in Fidelity Stocks For Inflation ETF during the second quarter worth about $35,000. Allworth Financial LP grew its position in Fidelity Stocks For Inflation ETF by 7,036.0% during the second quarter. Allworth Financial LP now owns 1,784 shares of the company’s stock worth $97,000 after buying an additional 1,759 shares in the last quarter. Finally, Williams & Novak LLC bought a new position in Fidelity Stocks For Inflation ETF in the 2nd quarter worth about $219,000.

Fidelity Stocks For Inflation ETF Stock Down 1.2%

Shares of FCPI opened at $56.14 on Tuesday. Fidelity Stocks For Inflation ETF has a twelve month low of $47.70 and a twelve month high of $57.46. The stock has a market cap of $272.28 million, a PE ratio of 18.17 and a beta of 0.91. The business’s 50-day moving average price is $55.75 and its 200-day moving average price is $53.56.

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.