Ionic Inflation Protection ETF (NYSEARCA:CPII) Sees Large Decrease in Short Interest

Ionic Inflation Protection ETF (NYSEARCA:CPII) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 665 shares, a decrease of 44.4% from the May 14th total of 1,197 shares. Based on an average trading volume of 378 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Ionic Inflation Protection ETF

An institutional investor recently bought a new position in Ionic Inflation Protection ETF stock. Jane Street Group LLC purchased a new stake in shares of Ionic Inflation Protection ETF (NYSEARCA:CPII) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,157 shares of the company’s stock, valued at approximately $267,000. Jane Street Group LLC owned 2.57% of Ionic Inflation Protection ETF as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 42.85% of the company’s stock.

Ionic Inflation Protection ETF Price Performance

CPII traded down $0.06 during trading on Friday, hitting $19.17. 392 shares of the company traded hands, compared to its average volume of 815. The stock’s fifty day moving average is $19.33 and its 200 day moving average is $19.12. Ionic Inflation Protection ETF has a one year low of $18.84 and a one year high of $19.60.

Ionic Inflation Protection ETF Company Profile

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.