Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Increases By 8,942.9%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 633 shares, an increase of 8,942.9% from the January 29th total of 7 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 12,386 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 12,386 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC grew its holdings in 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 quarter. Flow Traders U.S. LLC owned 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 Up 0.5%

Nicholas Fixed Income Alternative ETF stock traded up $0.08 during midday trading on Wednesday, hitting $17.84. 15,078 shares of the stock were exchanged, compared to its average volume of 23,845. The stock has a market capitalization of $144.50 million, a PE ratio of 17.96 and a beta of 0.22. The company has a fifty day simple moving average of $17.94 and a two-hundred day simple moving average of $18.03. Nicholas Fixed Income Alternative ETF has a 52 week low of $17.60 and a 52 week high of $19.00.

Nicholas Fixed Income Alternative ETF Cuts Dividend

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

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.