Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Update

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 1,670 shares, an increase of 1,490.5% from the December 31st total of 105 shares. Based on an average trading volume of 12,140 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 12,140 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Nicholas Fixed Income Alternative ETF

A hedge fund recently raised its stake in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC increased its stake in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 3.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,476 shares of the company’s stock after buying an additional 1,533 shares during the quarter. Flow Traders U.S. LLC owned about 0.49% of Nicholas Fixed Income Alternative ETF worth $775,000 at the end of the most recent reporting period.

Nicholas Fixed Income Alternative ETF Stock Performance

Shares of Nicholas Fixed Income Alternative ETF stock traded up $0.03 on Tuesday, hitting $17.92. The company’s stock had a trading volume of 4,137 shares, compared to its average volume of 32,908. The company has a market capitalization of $151.42 million, a price-to-earnings ratio of 17.96 and a beta of 0.22. 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 fifty day moving average price of $17.99 and a 200-day moving average price of $18.06.

Nicholas Fixed Income Alternative ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 16th. Investors of record on Thursday, January 15th were issued a $0.1207 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Thursday, January 15th.

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.