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

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 35 shares, a growth of 75.0% from the April 15th total of 20 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 18,834 shares, the days-to-cover ratio is presently 0.0 days.

Nicholas Fixed Income Alternative ETF Trading Down 0.1%

NYSEARCA:FIAX traded down $0.01 on Monday, reaching $17.56. 10,776 shares of the stock traded hands, compared to its average volume of 18,855. The firm has a market capitalization of $133.81 million, a price-to-earnings ratio of 17.96 and a beta of 0.21. The company’s 50 day moving average is $17.59 and its 200-day moving average is $17.83. Nicholas Fixed Income Alternative ETF has a 1-year low of $17.29 and a 1-year high of $18.32.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC boosted its stake in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the third 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 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 SEC filing.

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.