Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Sees Large Growth in Short Interest

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 2,015 shares, a growth of 5,657.1% from the April 30th total of 35 shares. Based on an average daily volume of 8,914 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

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 increased its holdings in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 105,614 shares of the company’s stock after buying an additional 63,138 shares during the quarter. 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 Trading Up 0.1%

Shares of NYSEARCA:FIAX traded up $0.01 on Wednesday, reaching $17.59. 13,814 shares of the company’s stock were exchanged, compared to its average volume of 18,443. Nicholas Fixed Income Alternative ETF has a twelve month low of $17.29 and a twelve month high of $18.32. The company has a fifty day moving average of $17.58 and a 200-day moving average of $17.81. The company has a market capitalization of $134.04 million, a price-to-earnings ratio of 17.96 and a beta of 0.21.

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.