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

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a significant growth in short interest in 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 days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Nicholas Fixed Income Alternative ETF Trading Up 0.1%

Shares of FIAX opened at $17.61 on Friday. Nicholas Fixed Income Alternative ETF has a 12-month low of $17.29 and a 12-month high of $18.32. The firm has a 50-day moving average price of $17.58 and a 200 day moving average price of $17.80. The firm has a market capitalization of $134.19 million, a P/E 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 grew its position in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 as of its most recent SEC filing.

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.