Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Down 92.6% in December

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 105 shares, a decline of 92.6% from the December 15th total of 1,411 shares. Based on an average daily volume of 19,427 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 19,427 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC raised its position in shares of 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 (SEC). The firm owned 105,614 shares of the company’s stock after acquiring an additional 63,138 shares during the period. Flow Traders U.S. LLC owned approximately 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 as of its most recent SEC filing.

Nicholas Fixed Income Alternative ETF Price Performance

FIAX stock remained flat at $18.03 during midday trading on Wednesday. The company’s stock had a trading volume of 7,527 shares, compared to its average volume of 13,247. Nicholas Fixed Income Alternative ETF has a one year low of $17.60 and a one year high of $19.23. The company has a market cap of $152.35 million, a PE ratio of 17.96 and a beta of 0.22. The firm’s fifty day simple moving average is $18.02 and its 200 day simple moving average is $18.09.

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.