Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Declines By 99.7%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 2 shares, a decrease of 99.7% from the February 12th total of 633 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 17,752 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 17,752 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Nicholas Fixed Income Alternative ETF

An institutional investor 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) by 148.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 at the end of the most recent reporting period.

Nicholas Fixed Income Alternative ETF Price Performance

NYSEARCA:FIAX traded up $0.01 during mid-day trading on Tuesday, reaching $17.66. The stock had a trading volume of 1,607 shares, compared to its average volume of 21,750. The company has a market capitalization of $143.05 million, a price-to-earnings ratio of 17.96 and a beta of 0.22. Nicholas Fixed Income Alternative ETF has a 1-year low of $17.49 and a 1-year high of $18.66. The stock’s 50 day simple moving average is $17.89 and its two-hundred day simple moving average is $18.00.

Nicholas Fixed Income Alternative ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 20th. Stockholders of record on Thursday, February 19th were given a $0.1199 dividend. The ex-dividend date was Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 8.1%.

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.