Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Update

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 46 shares, a decline of 96.8% from the August 15th total of 1,449 shares. Based on an average daily trading volume, of 16,395 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Nicholas Fixed Income Alternative ETF Price Performance

Shares of NYSEARCA FIAX traded down $0.04 during mid-day trading on Friday, reaching $17.20. 12,187 shares of the company’s stock were exchanged, compared to its average volume of 16,279. The firm has a market capitalization of $127.24 million, a price-to-earnings ratio of 17.96 and a beta of 0.20. Nicholas Fixed Income Alternative ETF has a 52 week low of $17.19 and a 52 week high of $18.30. The firm has a 50-day moving average price of $17.43 and a two-hundred day moving average price of $17.54.

Institutional Investors Weigh In On Nicholas Fixed Income Alternative ETF

A hedge fund recently raised its stake in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC grew its stake in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,614 shares of the company’s stock after buying 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 reporting period.

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.