Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 8,490 shares, a growth of 1,245.5% from the May 31st total of 631 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 6,915 shares, the short-interest ratio is presently 1.2 days.
Nicholas Fixed Income Alternative ETF Stock Up 0.1%
Shares of NYSEARCA:FIAX traded up $0.01 during mid-day trading on Thursday, reaching $17.53. 4,438 shares of the stock were exchanged, compared to its average volume of 16,566. The stock’s 50 day simple moving average is $17.62 and its 200-day simple moving average is $17.74. Nicholas Fixed Income Alternative ETF has a one year low of $17.29 and a one year high of $18.32. The company has a market cap of $133.58 million, a P/E ratio of 17.96 and a beta of 0.21.
Hedge Funds Weigh In On Nicholas Fixed Income Alternative ETF
A hedge fund 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 – Free Report) by 148.6% during 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 purchasing an additional 63,138 shares during the period. Flow Traders U.S. LLC owned about 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.
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