Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Up 75.0% in April

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) saw a significant 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 18,834 shares, the short-interest ratio is presently 0.0 days.

Nicholas Fixed Income Alternative ETF Stock Down 0.3%

FIAX stock opened at $17.50 on Wednesday. Nicholas Fixed Income Alternative ETF has a fifty-two week low of $17.29 and a fifty-two week high of $18.32. The firm’s 50-day simple moving average is $17.58 and its 200 day simple moving average is $17.83. The stock has a market cap of $133.35 million, a PE ratio of 17.96 and a beta of 0.21.

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 increased its position in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

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.