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

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a large decline in short interest during the month of 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,036 shares, the days-to-cover ratio is currently 0.0 days.

Nicholas Fixed Income Alternative ETF Stock Up 0.1%

Shares of Nicholas Fixed Income Alternative ETF stock traded up $0.02 on Friday, hitting $17.41. The company’s stock had a trading volume of 13,097 shares, compared to its average volume of 16,811. The company has a market capitalization of $129.36 million, a P/E ratio of 17.96 and a beta of 0.20. Nicholas Fixed Income Alternative ETF has a 52-week low of $17.29 and a 52-week high of $18.30. The firm has a fifty day moving average price of $17.56 and a 200-day moving average price of $17.67.

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 grew its holdings in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,614 shares of the company’s stock after purchasing 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 at the end of the most recent quarter.

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.