Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Declines By 68.7%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 631 shares, a drop of 68.7% from the May 14th total of 2,015 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 10,681 shares, the days-to-cover ratio is currently 0.1 days.

Nicholas Fixed Income Alternative ETF Price Performance

Shares of NYSEARCA:FIAX remained flat at $17.58 on Thursday. The stock had a trading volume of 1,901 shares, compared to its average volume of 17,210. Nicholas Fixed Income Alternative ETF has a twelve month low of $17.29 and a twelve month high of $18.32. The business has a 50-day moving average of $17.61 and a 200 day moving average of $17.78. The firm has a market capitalization of $133.96 million, a price-to-earnings ratio of 17.96 and a beta of 0.21.

Institutional Trading of Nicholas Fixed Income Alternative ETF

An institutional investor recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC boosted its position in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 105,614 shares of the company’s stock after acquiring 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 at the end of the most recent reporting period.

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.