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

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 8,490 shares, a growth of 1,245.5% from the May 31st total of 631 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 6,915 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Nicholas Fixed Income Alternative ETF

An institutional investor recently raised its stake in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC increased its stake in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 approximately 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

Nicholas Fixed Income Alternative ETF Price Performance

FIAX traded up $0.01 during trading on Thursday, reaching $17.53. The company had a trading volume of 4,438 shares, compared to its average volume of 16,566. The company has a market cap of $133.58 million, a P/E ratio of 17.96 and a beta of 0.21. Nicholas Fixed Income Alternative ETF has a 12 month low of $17.29 and a 12 month high of $18.32. The business’s fifty day moving average price is $17.62 and its 200 day moving average price is $17.74.

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.