Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Drops By 63.6%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAXGet Free Report) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,411 shares, a drop of 63.6% from the November 30th total of 3,875 shares. Based on an average daily volume of 12,876 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 12,876 shares, the short-interest ratio is currently 0.1 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 grew its position in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAXFree Report) by 3.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 42,476 shares of the company’s stock after acquiring an additional 1,533 shares during the period. Flow Traders U.S. LLC owned 0.49% of Nicholas Fixed Income Alternative ETF worth $775,000 as of its most recent filing with the SEC.

Nicholas Fixed Income Alternative ETF Price Performance

Shares of FIAX stock remained flat at $17.99 during midday trading on Friday. 24,445 shares of the company traded hands, compared to its average volume of 16,617. Nicholas Fixed Income Alternative ETF has a 1-year low of $17.60 and a 1-year high of $19.23. The firm has a 50 day moving average price of $18.03 and a 200 day moving average price of $18.10. The stock has a market cap of $154.17 million, a price-to-earnings ratio of 17.96 and a beta of 0.22.

About Nicholas Fixed Income Alternative ETF

(Get Free Report)

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.

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