Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Drops By 99.7%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 2 shares, a decrease of 99.7% from the February 12th total of 633 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 17,752 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 17,752 shares, the days-to-cover ratio is presently 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 grew its holdings in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.49% of Nicholas Fixed Income Alternative ETF worth $775,000 as of its most recent SEC filing.

Nicholas Fixed Income Alternative ETF Trading Up 0.1%

NYSEARCA:FIAX traded up $0.01 during trading hours on Tuesday, hitting $17.66. The stock had a trading volume of 1,607 shares, compared to its average volume of 21,750. The company has a market cap of $143.05 million, a PE ratio of 17.96 and a beta of 0.22. The business has a 50 day simple moving average of $17.89 and a two-hundred day simple moving average of $18.00. Nicholas Fixed Income Alternative ETF has a 1-year low of $17.49 and a 1-year high of $18.66.

Nicholas Fixed Income Alternative ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 20th. Investors of record on Thursday, February 19th were issued a dividend of $0.1199 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Thursday, February 19th.

About Nicholas Fixed Income Alternative ETF

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.