Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Declines By 78.8%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,796 shares, a decrease of 78.8% from the June 15th total of 8,490 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 8,826 shares, the short-interest ratio is currently 0.2 days.

Nicholas Fixed Income Alternative ETF Stock Up 0.1%

FIAX stock traded up $0.01 during trading on Friday, hitting $17.58. The company had a trading volume of 8,686 shares, compared to its average volume of 17,211. The firm has a market capitalization of $131.32 million, a P/E ratio of 17.96 and a beta of 0.20. Nicholas Fixed Income Alternative ETF has a 52-week low of $17.29 and a 52-week high of $18.30. The company has a 50 day simple moving average of $17.60 and a 200-day simple moving average of $17.71.

Hedge Funds Weigh In On Nicholas Fixed Income Alternative ETF

An institutional investor recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC lifted its position in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,614 shares of the company’s stock after purchasing an additional 63,138 shares during the period. Flow Traders U.S. LLC owned 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 at the end of the most recent quarter.

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.