Short Interest in Fidelity Stocks For Inflation ETF (BATS:FCPI) Increases By 116.8%

Fidelity Stocks For Inflation ETF (BATS:FCPI) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 26,875 shares, a growth of 116.8% from the August 15th total of 12,394 shares. Based on an average trading volume of 35,949 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of Fidelity Stocks For Inflation ETF by 205.3% in the first 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Stocks For Inflation ETF by 93,516.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,798,366 shares of the company’s stock valued at $88,983,000 after purchasing an additional 1,796,445 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF during the 1st quarter worth about $1,747,000. Elyxium Wealth LLC purchased a new stake in shares of Fidelity Stocks For Inflation ETF in the fourth quarter worth approximately $26,000. Finally, Allworth Financial LP lifted its position in shares of 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 purchasing an additional 1,759 shares during the last quarter.

Fidelity Stocks For Inflation ETF Stock Performance

BATS:FCPI opened at $56.20 on Wednesday. Fidelity Stocks For Inflation ETF has a fifty-two week low of $47.70 and a fifty-two week high of $57.46. The firm has a market cap of $272.57 million, a P/E ratio of 18.17 and a beta of 0.91. The firm has a 50-day simple moving average of $55.79 and a two-hundred day simple moving average of $53.58.

Fidelity Stocks For Inflation ETF Company Profile

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.