Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Up 687.5% in August

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,449 shares, an increase of 687.5% from the July 30th total of 184 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 5,706 shares, the short-interest ratio is presently 0.3 days.

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 boosted its holdings in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the third quarter, according to its most recent filing with the SEC. The firm 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 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 as of its most recent filing with the SEC.

Nicholas Fixed Income Alternative ETF Price Performance

Shares of FIAX stock opened at $17.34 on Wednesday. The firm has a market cap of $128.32 million, a price-to-earnings ratio of 17.96 and a beta of 0.20. Nicholas Fixed Income Alternative ETF has a 12 month low of $17.29 and a 12 month high of $18.30. The stock has a 50-day moving average price of $17.50 and a 200 day moving average price of $17.59.

Nicholas Fixed Income Alternative ETF Company Profile

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.