Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Sees Large Increase in Short Interest

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 10,604 shares, an increase of 22,952.2% from the August 31st total of 46 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 21,400 shares, the days-to-cover ratio is presently 0.5 days.

Nicholas Fixed Income Alternative ETF Price Performance

NYSEARCA FIAX traded down $0.01 during trading hours on Thursday, hitting $17.01. The company’s stock had a trading volume of 4,567 shares, compared to its average volume of 15,842. The company’s 50 day simple moving average is $17.34 and its two-hundred day simple moving average is $17.50. The company has a market cap of $122.47 million, a P/E ratio of 17.96 and a beta of 0.20. Nicholas Fixed Income Alternative ETF has a 12 month low of $17.01 and a 12 month high of $18.30.

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.