Fidelity Stocks For Inflation ETF (BATS:FCPI) Sees Significant Drop in Short Interest

by · The Cerbat Gem

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

Fidelity Stocks For Inflation ETF Trading Up 0.5%

Shares of Fidelity Stocks For Inflation ETF stock traded up $0.27 on Friday, reaching $54.84. The stock had a trading volume of 10,195 shares, compared to its average volume of 16,286. The business’s 50 day moving average is $52.00 and its two-hundred day moving average is $50.99. The company has a market cap of $265.97 million, a P/E ratio of 18.17 and a beta of 0.91. Fidelity Stocks For Inflation ETF has a 1 year low of $44.94 and a 1 year high of $54.92.

Institutional Investors Weigh In On Fidelity Stocks For Inflation ETF

A number of large investors have recently made changes to their positions in FCPI. JPMorgan Chase & Co. grew its stake in shares of Fidelity Stocks For Inflation ETF by 343.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,265 shares of the company’s stock valued at $759,000 after purchasing an additional 12,594 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Fidelity Stocks For Inflation ETF during the 2nd quarter valued at about $41,000. Raymond James Financial Inc. lifted its position in shares of Fidelity Stocks For Inflation ETF by 9.4% during the 2nd quarter. Raymond James Financial Inc. now owns 30,404 shares of the company’s stock valued at $1,418,000 after buying an additional 2,608 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF during the 2nd quarter valued at about $232,000. Finally, Bank of America Corp DE lifted its position in shares of Fidelity Stocks For Inflation ETF by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 18,566 shares of the company’s stock valued at $866,000 after buying an additional 832 shares in the last quarter.

Fidelity Stocks For Inflation ETF Company Profile

(Get Free Report)

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.

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