Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX – Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 46 shares, a decrease of 96.8% from the August 15th total of 1,449 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 16,395 shares, the days-to-cover ratio is presently 0.0 days.
Nicholas Fixed Income Alternative ETF Price Performance
FIAX traded down $0.05 on Friday, reaching $17.19. 12,639 shares of the company traded hands, compared to its average volume of 16,281. The company has a market cap of $127.21 million, a price-to-earnings ratio of 17.96 and a beta of 0.20. The stock’s 50 day moving average price is $17.42 and its 200-day moving average price is $17.54. Nicholas Fixed Income Alternative ETF has a 52-week low of $17.19 and a 52-week high of $18.30.
Institutional Trading of Nicholas Fixed Income Alternative ETF
A hedge fund recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC raised its position in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX – Free Report) by 148.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 at the end of the most recent quarter.
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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