Short Interest in Fidelity Stocks For Inflation ETF (BATS:FCPI) Declines By 80.8%

Fidelity Stocks For Inflation ETF (BATS:FCPI) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 4,669 shares, a decline of 80.8% from the April 30th total of 24,316 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,201 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Fidelity Stocks For Inflation ETF

A number of large investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new position in Fidelity Stocks For Inflation ETF during the fourth quarter valued at $26,000. Parallel Advisors LLC increased its stake in shares of Fidelity Stocks For Inflation ETF by 166.8% during the first quarter. Parallel Advisors LLC now owns 627 shares of the company’s stock worth $31,000 after purchasing an additional 392 shares in the last quarter. Archer Investment Corp purchased a new stake in shares of Fidelity Stocks For Inflation ETF during the third quarter worth about $41,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Fidelity Stocks For Inflation ETF during the 2nd quarter worth about $41,000. Finally, Kestra Advisory Services LLC purchased a new position in Fidelity Stocks For Inflation ETF in the 4th quarter valued at about $154,000.

Fidelity Stocks For Inflation ETF Price Performance

Shares of FCPI stock opened at $54.23 on Thursday. Fidelity Stocks For Inflation ETF has a 1-year low of $44.94 and a 1-year high of $54.62. The company has a market cap of $263.02 million, a price-to-earnings ratio of 18.17 and a beta of 0.91. The stock has a 50 day simple moving average of $51.80 and a 200-day simple moving average of $50.93.

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.