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

Fidelity Stocks For Inflation ETF (BATS:FCPI) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 14,124 shares, a growth of 202.5% from the May 14th total of 4,669 shares. Based on an average daily trading volume, of 13,935 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity Stocks For Inflation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elyxium Wealth LLC bought a new position in Fidelity Stocks For Inflation ETF in the 4th quarter worth approximately $26,000. Parallel Advisors LLC grew its holdings in Fidelity Stocks For Inflation ETF by 166.8% in the 1st quarter. Parallel Advisors LLC now owns 627 shares of the company’s stock worth $31,000 after buying an additional 392 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Fidelity Stocks For Inflation ETF during the 2nd quarter valued at $41,000. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Stocks For Inflation ETF during the 4th quarter valued at $154,000. Finally, National Bank of Canada FI acquired a new position in shares of Fidelity Stocks For Inflation ETF during the 3rd quarter valued at $178,000.

Fidelity Stocks For Inflation ETF Price Performance

Shares of FCPI stock opened at $53.98 on Friday. Fidelity Stocks For Inflation ETF has a 12-month low of $45.34 and a 12-month high of $55.08. The firm has a market capitalization of $261.80 million, a price-to-earnings ratio of 18.17 and a beta of 0.91. The business has a 50 day simple moving average of $53.04 and a 200 day simple moving average of $51.29.

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.