Ionic Inflation Protection ETF (NYSEARCA:CPII) Sees Large Drop in Short Interest

Ionic Inflation Protection ETF (NYSEARCA:CPII) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 36 shares, a decrease of 57.1% from the March 31st total of 84 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 124 shares, the days-to-cover ratio is presently 0.3 days.

Ionic Inflation Protection ETF Price Performance

Shares of CPII stock traded down $0.01 during trading hours on Tuesday, hitting $19.40. The stock had a trading volume of 113 shares, compared to its average volume of 278. Ionic Inflation Protection ETF has a twelve month low of $18.84 and a twelve month high of $19.56. The stock’s 50 day moving average is $19.14 and its 200 day moving average is $19.05.

Institutional Investors Weigh In On Ionic Inflation Protection ETF

A hedge fund recently bought a new stake in Ionic Inflation Protection ETF stock. Jane Street Group LLC purchased a new position in shares of Ionic Inflation Protection ETF (NYSEARCA:CPII) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,157 shares of the company’s stock, valued at approximately $267,000. Jane Street Group LLC owned 2.57% of Ionic Inflation Protection ETF at the end of the most recent reporting period. Institutional investors and hedge funds own 42.85% of the company’s stock.

Ionic Inflation Protection ETF Company Profile

The Ionic Inflation Protection ETF (CPII) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in inflation swaps, swaptions, and US TIPS that are expected to benefit from inflation, increasing interest rates, and fixed income volatility. CPII was launched on Jun 28, 2022 and is managed by Ionic.