Short Interest in Fidelity Stocks For Inflation ETF (BATS:FCPI) Expands By 801.9%

Fidelity Stocks For Inflation ETF (BATS:FCPI) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 24,316 shares, a growth of 801.9% from the April 15th total of 2,696 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 11,712 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of Fidelity Stocks For Inflation ETF

Several large investors have recently modified their holdings of FCPI. Atria Investments Inc lifted its holdings in Fidelity Stocks For Inflation ETF by 8.8% in the 3rd quarter. Atria Investments Inc now owns 188,993 shares of the company’s stock valued at $9,469,000 after purchasing an additional 15,266 shares in the last quarter. Compound Planning Inc. lifted its holdings in Fidelity Stocks For Inflation ETF by 3.3% in the 4th quarter. Compound Planning Inc. now owns 6,868 shares of the company’s stock valued at $340,000 after purchasing an additional 217 shares in the last quarter. High Falls Advisors Inc purchased a new position in Fidelity Stocks For Inflation ETF in the 2nd quarter valued at about $315,000. Kestra Advisory Services LLC purchased a new position in Fidelity Stocks For Inflation ETF in the 4th quarter valued at about $154,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity Stocks For Inflation ETF by 117.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,921 shares of the company’s stock valued at $96,000 after purchasing an additional 1,039 shares in the last quarter.

Fidelity Stocks For Inflation ETF Trading Up 0.3%

Shares of FCPI stock traded up $0.17 during trading hours on Wednesday, hitting $54.04. The company’s stock had a trading volume of 7,870 shares, compared to its average volume of 16,237. The business has a fifty day moving average of $51.05 and a 200-day moving average of $50.62. The stock has a market cap of $262.09 million, a price-to-earnings ratio of 18.17 and a beta of 0.91. Fidelity Stocks For Inflation ETF has a twelve month low of $44.22 and a twelve month high of $54.10.

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.