Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Down 99.6% in January

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 7 shares, a drop of 99.6% from the January 15th total of 1,670 shares. Based on an average daily volume of 49,146 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 49,146 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Nicholas Fixed Income Alternative ETF

An institutional investor recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC boosted its holdings in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,476 shares of the company’s stock after purchasing an additional 1,533 shares during the period. Flow Traders U.S. LLC owned about 0.49% of Nicholas Fixed Income Alternative ETF worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Nicholas Fixed Income Alternative ETF Trading Down 0.4%

Shares of Nicholas Fixed Income Alternative ETF stock traded down $0.07 during trading on Thursday, reaching $17.87. The stock had a trading volume of 3,018 shares, compared to its average volume of 25,290. The company has a market capitalization of $144.75 million, a price-to-earnings ratio of 17.96 and a beta of 0.22. The stock has a fifty day moving average price of $17.97 and a two-hundred day moving average price of $18.05. Nicholas Fixed Income Alternative ETF has a 52 week low of $17.60 and a 52 week high of $19.20.

Nicholas Fixed Income Alternative ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 16th. Stockholders of record on Thursday, January 15th were paid a dividend of $0.1207 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend was Thursday, January 15th.

Nicholas Fixed Income Alternative ETF Company Profile

The Nicholas Fixed Income Alternative ETF (FIAX) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund that seeks to provide income by holding a short-term portfolio of US Treasury securities and using a vertical option spread strategy across multiple asset classes. FIAX was launched on Nov 29, 2022 and is managed by Nicholas.