Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Down 92.6% in December

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 105 shares, a drop of 92.6% from the December 15th total of 1,411 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 19,427 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 19,427 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Nicholas Fixed Income Alternative ETF Stock Performance

Shares of NYSEARCA FIAX traded up $0.03 during mid-day trading on Monday, hitting $18.05. The stock had a trading volume of 9,284 shares, compared to its average volume of 14,669. The company has a 50 day moving average of $18.02 and a two-hundred day moving average of $18.09. Nicholas Fixed Income Alternative ETF has a twelve month low of $17.60 and a twelve month high of $19.23. The firm has a market cap of $152.52 million, a PE ratio of 17.96 and a beta of 0.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC increased its position in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,476 shares of the company’s stock after purchasing an additional 1,533 shares during the quarter. Flow Traders U.S. LLC owned 0.49% of Nicholas Fixed Income Alternative ETF worth $775,000 as of its most recent SEC filing.

About Nicholas Fixed Income Alternative ETF

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.