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

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 245 shares, a decline of 86.4% from the June 30th total of 1,796 shares. Based on an average trading volume of 24,036 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

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 raised its holdings in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,614 shares of the company’s stock after buying an additional 63,138 shares during the period. Flow Traders U.S. LLC owned about 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 as of its most recent SEC filing.

Nicholas Fixed Income Alternative ETF Stock Performance

Shares of NYSEARCA:FIAX traded up $0.02 during trading hours on Friday, reaching $17.41. The stock had a trading volume of 13,097 shares, compared to its average volume of 16,811. Nicholas Fixed Income Alternative ETF has a 1 year low of $17.29 and a 1 year high of $18.30. The firm’s 50 day moving average is $17.56 and its 200-day moving average is $17.67. The stock has a market capitalization of $129.36 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.