Ionic Inflation Protection ETF (NYSEARCA:CPII) Short Interest Down 57.1% in April

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

Ionic Inflation Protection ETF Price Performance

Shares of NYSEARCA CPII traded up $0.08 during mid-day trading on Monday, reaching $19.41. 25 shares of the company traded hands, compared to its average volume of 279. Ionic Inflation Protection ETF has a fifty-two week low of $18.84 and a fifty-two week high of $19.56. The stock has a fifty day simple moving average of $19.14 and a 200-day simple moving average of $19.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ionic Inflation Protection ETF stock. Jane Street Group LLC acquired a new stake in shares of Ionic Inflation Protection ETF (NYSEARCA:CPII) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 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. 42.85% of the stock is currently owned by institutional investors.

About Ionic Inflation Protection ETF

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.