Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Increases By 687.5%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,449 shares, a growth of 687.5% from the July 30th total of 184 shares. Based on an average daily trading volume, of 5,706 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Nicholas Fixed Income Alternative ETF Price Performance

Shares of NYSEARCA FIAX opened at $17.34 on Wednesday. Nicholas Fixed Income Alternative ETF has a 12-month low of $17.29 and a 12-month high of $18.30. The firm’s 50-day simple moving average is $17.50 and its 200 day simple moving average is $17.59. The company has a market cap of $128.32 million, a price-to-earnings ratio of 17.96 and a beta of 0.20.

Institutional Trading of Nicholas Fixed Income Alternative ETF

A hedge fund recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC increased its stake in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the 3rd quarter, according to its most recent 13F filing 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 period. Flow Traders U.S. LLC owned 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.