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 short-interest ratio is presently 1.0 days. Currently, 0.3% of the shares of the company are sold short.

Fidelity Stocks For Inflation ETF Trading Up 1.9%

Fidelity Stocks For Inflation ETF stock opened at $53.47 on Friday. Fidelity Stocks For Inflation ETF has a 1-year low of $45.34 and a 1-year high of $55.08. The firm has a 50 day simple moving average of $52.95 and a 200 day simple moving average of $51.27. The firm has a market capitalization of $259.33 million, a price-to-earnings ratio of 18.17 and a beta of 0.91.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new position in Fidelity Stocks For Inflation ETF in the 4th quarter worth about $26,000. Parallel Advisors LLC lifted its stake 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 purchasing an additional 392 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Fidelity Stocks For Inflation ETF in the 2nd quarter worth approximately $41,000. Kestra Advisory Services LLC purchased a new stake in Fidelity Stocks For Inflation ETF in the 4th quarter worth approximately $154,000. Finally, National Bank of Canada FI purchased a new stake in Fidelity Stocks For Inflation ETF in the 3rd quarter worth approximately $178,000.

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.