Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Declines By 78.8%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,796 shares, a drop of 78.8% from the June 15th total of 8,490 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,826 shares, the short-interest ratio is presently 0.2 days.

Nicholas Fixed Income Alternative ETF Price Performance

NYSEARCA:FIAX traded down $0.02 on Monday, reaching $17.56. The stock had a trading volume of 2,314 shares, compared to its average volume of 17,097. Nicholas Fixed Income Alternative ETF has a 12-month low of $17.29 and a 12-month high of $18.30. The company has a market cap of $131.70 million, a price-to-earnings ratio of 17.96 and a beta of 0.20. The firm’s fifty day moving average is $17.60 and its two-hundred day moving average is $17.70.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC increased its holdings in shares of 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. The firm owned 105,614 shares of the company’s stock after buying an additional 63,138 shares during the quarter. Flow Traders U.S. LLC owned about 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

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.