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

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,303 shares, a decline of 78.3% from the September 15th total of 10,604 shares. Based on an average trading volume of 16,859 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Nicholas Fixed Income Alternative ETF Trading Down 0.1%

Shares of Nicholas Fixed Income Alternative ETF stock traded down $0.01 during trading hours on Friday, reaching $17.08. 12,678 shares of the company’s stock were exchanged, compared to its average volume of 15,990. The company has a fifty day moving average of $17.24 and a 200-day moving average of $17.45. Nicholas Fixed Income Alternative ETF has a 52-week low of $16.93 and a 52-week high of $18.30. The firm has a market capitalization of $120.76 million, a price-to-earnings ratio of 17.96 and a beta of 0.20.

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.