Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Grows By 1,245.5%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 8,490 shares, a growth of 1,245.5% from the May 31st total of 631 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 6,915 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of Nicholas Fixed Income Alternative ETF

A hedge fund recently raised its stake in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC raised its stake 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 Securities and Exchange Commission. The fund owned 105,614 shares of the company’s stock after buying an additional 63,138 shares during the period. 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 Stock Performance

Shares of FIAX stock traded up $0.04 during mid-day trading on Friday, hitting $17.57. The company’s stock had a trading volume of 19,063 shares, compared to its average volume of 16,586. The stock has a market cap of $133.88 million, a price-to-earnings ratio of 17.96 and a beta of 0.21. Nicholas Fixed Income Alternative ETF has a 52-week low of $17.29 and a 52-week high of $18.32. The business has a 50-day moving average price of $17.61 and a 200 day moving average price of $17.74.

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.