Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 46 shares, a drop of 96.8% from the August 15th total of 1,449 shares. Based on an average daily volume of 16,395 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
Nicholas Fixed Income Alternative ETF Stock Performance
FIAX traded down $0.01 during trading on Thursday, reaching $17.24. The company had a trading volume of 45,820 shares, compared to its average volume of 16,302. The firm’s 50-day simple moving average is $17.43 and its 200 day simple moving average is $17.54. The company has a market cap of $127.58 million, a price-to-earnings ratio of 17.96 and a beta of 0.20. Nicholas Fixed Income Alternative ETF has a 12-month low of $17.19 and a 12-month high of $18.30.
Institutional Inflows and Outflows
A hedge fund recently raised its position 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 – Free Report) by 148.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,614 shares of the company’s stock after acquiring an additional 63,138 shares during the quarter. Flow Traders U.S. LLC owned 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 as of its most recent SEC filing.
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.
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