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

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 2 shares, a decline of 99.7% from the February 12th total of 633 shares. Based on an average daily volume of 17,752 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 17,752 shares, the days-to-cover ratio is presently 0.0 days.

Nicholas Fixed Income Alternative ETF Stock Performance

Shares of FIAX opened at $17.63 on Thursday. The company has a 50 day moving average price of $17.88 and a 200-day moving average price of $18.00. Nicholas Fixed Income Alternative ETF has a fifty-two week low of $17.49 and a fifty-two week high of $18.66. The stock has a market capitalization of $142.80 million, a PE ratio of 17.96 and a beta of 0.22.

Nicholas Fixed Income Alternative ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 20th. Shareholders of record on Thursday, February 19th were issued a dividend of $0.1199 per share. The ex-dividend date was Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

Institutional Trading of Nicholas Fixed Income Alternative ETF

A hedge fund recently raised its stake in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC lifted its position in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% during the third 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 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 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.