UPDATE! 2/11/26 Fidelity Core Cash Transactions Downloading as “Cover Short Sale (CvrShrt)”

Quicken Alyssa
Quicken Alyssa Quicken Windows Subscription Moderator mod
edited February 11 in Alerts, Online Banking & Known Product Issues

We are getting reports of Fidelity account owners getting incorrectly classified cash/core money market activity as Cover Short Sale(CvrShrt/CvrShrtX) transactions.

These downloads appear after One Step Update and affect multiple Fidelity account types (investment accounts, IRAs, and CMA accounts). Transactions often span prior dates (e.g., January 2026) and do not appear on the Fidelity website.

In some cases, legitimate cash transactions such as bank drafts, settlements, or money market fund activity (e.g., SPAXX, FDLXX) that previously downloaded as Withdrawals or MMF sales are now downloading as Covered Shorts.

This is a known issue that we are working to resolve as quickly as possible. We currently have no ETA to provide on when a resolution can be expected, but we will post updates as soon as we do.

If you would like to be automatically notified of any updates regarding this issue, please "bookmark" this Alert by clicking the bookmark ribbon in the upper right corner.

Thank you!

(Ticket #12226405/CTP-16265)

Quicken Alyssa

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  • Quicken Janean
    Quicken Janean Quicken Windows Subscription Moderator admin

    UPDATE 2/11/26

    We’re continuing to work with Intuit and Fidelity to deliver a permanent fix for this issue.

    In the meantime, here are the recommended steps:

    • If you treat your Money Market fund as cash, you can safely delete the affected transactions.
    • If you track your Money Market fund as a security, please change the transaction action to “Sold.” This will correct the Money Market security balance without the need to enter a placeholder transaction.

    If you have any questions or would like help with these steps, please let us know — we’re happy to assist.

    Thank you for your patience while we sort this out.

    Quicken Janean

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