Short Interest in Ionic Inflation Protection ETF (NYSEARCA:CPII) Drops By 99.8%

Ionic Inflation Protection ETF (NYSEARCA:CPII) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 1 shares, a drop of 99.8% from the June 15th total of 643 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,045 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Ionic Inflation Protection ETF stock. Jane Street Group LLC bought a new stake in Ionic Inflation Protection ETF (NYSEARCA:CPII) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,157 shares of the company’s stock, valued at approximately $267,000. Jane Street Group LLC owned approximately 2.57% of Ionic Inflation Protection ETF at the end of the most recent reporting period. Institutional investors and hedge funds own 42.85% of the company’s stock.

Ionic Inflation Protection ETF Price Performance

Ionic Inflation Protection ETF stock traded down $0.01 during midday trading on Friday, hitting $18.97. 293 shares of the company’s stock were exchanged, compared to its average volume of 793. Ionic Inflation Protection ETF has a 52-week low of $18.84 and a 52-week high of $19.60. The stock has a 50-day moving average price of $19.25 and a two-hundred day moving average price of $19.12.

About Ionic Inflation Protection ETF

The Ionic Inflation Protection ETF (CPII) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in inflation swaps, swaptions, and US TIPS that are expected to benefit from inflation, increasing interest rates, and fixed income volatility. CPII was launched on Jun 28, 2022 and is managed by Ionic.