Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Rises By 1,245.5%

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

Nicholas Fixed Income Alternative ETF Trading Down 0.1%

NYSEARCA:FIAX traded down $0.01 during trading hours on Friday, hitting $17.53. 4,438 shares of the company traded hands, compared to its average volume of 16,566. The stock has a market capitalization of $133.58 million, a price-to-earnings ratio of 17.96 and a beta of 0.21. Nicholas Fixed Income Alternative ETF has a twelve month low of $17.29 and a twelve month high of $18.32. The firm has a 50-day moving average of $17.62 and a 200 day moving average of $17.74.

Institutional Inflows and Outflows

An institutional investor 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 third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 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.