Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Increases By 9,500.0%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 192 shares, an increase of 9,500.0% from the February 26th total of 2 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 14,920 shares, the days-to-cover ratio is currently 0.0 days.

Nicholas Fixed Income Alternative ETF Trading Down 0.4%

FIAX opened at $17.33 on Thursday. The company has a fifty day moving average price of $17.77 and a two-hundred day moving average price of $17.95. Nicholas Fixed Income Alternative ETF has a 1-year low of $17.29 and a 1-year high of $18.66. The company has a market cap of $140.37 million, a P/E ratio of 17.96 and a beta of 0.22.

Nicholas Fixed Income Alternative ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 20th. Investors of record on Thursday, February 19th were paid a dividend of $0.1199 per share. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Thursday, February 19th.

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 lifted its position in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,614 shares of the company’s stock after purchasing 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.

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.