Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Down 78.8% in June

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 1,796 shares, a drop of 78.8% from the June 15th total of 8,490 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 8,826 shares, the short-interest ratio is presently 0.2 days.

Nicholas Fixed Income Alternative ETF Price Performance

NYSEARCA FIAX traded up $0.01 on Friday, hitting $17.58. The stock had a trading volume of 8,686 shares, compared to its average volume of 17,211. The business’s fifty day moving average price is $17.60 and its 200 day moving average price is $17.71. The stock has a market cap of $131.32 million, a price-to-earnings ratio of 17.96 and a beta of 0.20. Nicholas Fixed Income Alternative ETF has a 52-week low of $17.29 and a 52-week high of $18.30.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC increased its holdings in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,614 shares of the company’s stock after buying 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.

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.