Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Up 687.5% in August

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAXGet Free Report) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,449 shares, a growth of 687.5% from the July 30th total of 184 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,706 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors 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 stake in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAXFree Report) by 148.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 105,614 shares of the company’s stock after buying an additional 63,138 shares during the quarter. Flow Traders U.S. LLC owned approximately 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 Nicholas Fixed Income Alternative ETF stock traded up $0.01 on Thursday, reaching $17.33. 669 shares of the company were exchanged, compared to its average volume of 15,877. The company’s 50-day moving average is $17.49 and its two-hundred day moving average is $17.59. The firm has a market cap of $128.24 million, a price-to-earnings ratio of 17.96 and a beta of 0.20. Nicholas Fixed Income Alternative ETF has a 1-year low of $17.29 and a 1-year high of $18.30.

Nicholas Fixed Income Alternative ETF Company Profile

(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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