Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Update

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,015 shares, an increase of 5,657.1% from the April 30th total of 35 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 8,914 shares, the days-to-cover ratio is currently 0.2 days.

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 increased its position in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 at the end of the most recent reporting period.

Nicholas Fixed Income Alternative ETF Stock Up 0.1%

Nicholas Fixed Income Alternative ETF stock traded up $0.01 during mid-day trading on Wednesday, hitting $17.59. 13,814 shares of the stock were exchanged, compared to its average volume of 18,443. Nicholas Fixed Income Alternative ETF has a 12 month low of $17.29 and a 12 month high of $18.32. The firm’s fifty day simple moving average is $17.58 and its two-hundred day simple moving average is $17.81. The stock has a market capitalization of $134.04 million, a price-to-earnings ratio of 17.96 and a beta of 0.21.

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.