Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Increases By 5,657.1%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,015 shares, a growth of 5,657.1% from the April 30th total of 35 shares. Based on an average daily trading volume, of 8,914 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On 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 stake in 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 firm 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 approximately 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

Nicholas Fixed Income Alternative ETF Trading Up 0.1%

Shares of NYSEARCA FIAX opened at $17.59 on Thursday. The firm has a market cap of $134.04 million, a PE ratio of 17.96 and a beta of 0.21. Nicholas Fixed Income Alternative ETF has a 1-year low of $17.29 and a 1-year high of $18.32. The company has a fifty day moving average price of $17.58 and a 200 day moving average price of $17.81.

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.