Short Interest in Ionic Inflation Protection ETF (NYSEARCA:CPII) Expands By 5,340.9%

Ionic Inflation Protection ETF (NYSEARCA:CPII) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 1,197 shares, a growth of 5,340.9% from the April 30th total of 22 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 5,493 shares, the days-to-cover ratio is presently 0.2 days.

Ionic Inflation Protection ETF Stock Performance

Shares of CPII stock traded down $0.01 during trading on Wednesday, reaching $19.41. 1,554 shares of the company’s stock traded hands, compared to its average volume of 853. The firm’s 50-day moving average is $19.30 and its 200 day moving average is $19.09. Ionic Inflation Protection ETF has a 1 year low of $18.84 and a 1 year high of $19.60.

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 Ionic Inflation Protection ETF (NYSEARCA:CPII) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,157 shares of the company’s stock, valued at approximately $267,000. Jane Street Group LLC owned approximately 2.57% of Ionic Inflation Protection ETF at the end of the most recent quarter. Hedge funds and other institutional investors 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.