Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX – Get Free Report) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 245 shares, a decrease of 86.4% from the June 30th total of 1,796 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 24,036 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Investors Weigh In On Nicholas Fixed Income Alternative ETF
An institutional investor recently raised its stake in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC lifted its stake in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX – Free Report) by 148.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,614 shares of the company’s stock after purchasing an additional 63,138 shares during the quarter. Flow Traders U.S. LLC owned about 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 at the end of the most recent reporting period.
Nicholas Fixed Income Alternative ETF Stock Performance
FIAX stock traded up $0.03 during trading on Monday, hitting $17.44. 5,734 shares of the company’s stock traded hands, compared to its average volume of 16,731. Nicholas Fixed Income Alternative ETF has a 52 week low of $17.29 and a 52 week high of $18.30. The stock has a market capitalization of $129.58 million, a price-to-earnings ratio of 17.96 and a beta of 0.20. The business has a fifty day simple moving average of $17.56 and a 200 day simple moving average of $17.67.
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.
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