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

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 245 shares, a decrease of 86.4% from the June 30th total of 1,796 shares. Approximately 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.

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 boosted its position in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 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.

Nicholas Fixed Income Alternative ETF Price Performance

Nicholas Fixed Income Alternative ETF stock traded up $0.02 during mid-day trading on Friday, hitting $17.41. 13,097 shares of the company were exchanged, compared to its average volume of 16,811. 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 capitalization of $129.36 million, a P/E ratio of 17.96 and a beta of 0.20. The business’s 50 day simple moving average is $17.56 and its two-hundred day simple moving average is $17.67.

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.