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

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 631 shares, a decrease of 68.7% from the May 14th total of 2,015 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 10,681 shares, the days-to-cover ratio is presently 0.1 days.

Nicholas Fixed Income Alternative ETF Stock Performance

Shares of NYSEARCA FIAX traded up $0.01 during mid-day trading on Friday, reaching $17.62. 10,448 shares of the company’s stock were exchanged, compared to its average volume of 17,173. The firm has a market capitalization of $134.26 million, a price-to-earnings ratio of 17.96 and a beta of 0.21. Nicholas Fixed Income Alternative ETF has a 52-week low of $17.29 and a 52-week high of $18.32. The company’s 50-day moving average is $17.62 and its 200-day moving average is $17.77.

Hedge Funds 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 position 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 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,614 shares of the company’s stock after acquiring an additional 63,138 shares during the period. Flow Traders U.S. LLC owned about 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 at the end of the most recent quarter.

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.