Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Short Interest Up 75.0% in April

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 35 shares, a growth of 75.0% from the April 15th total of 20 shares. Based on an average trading volume of 18,834 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Nicholas Fixed Income Alternative ETF Trading Down 0.3%

FIAX traded down $0.06 during trading on Tuesday, reaching $17.50. 9,564 shares of the company were exchanged, compared to its average volume of 18,761. The stock has a market cap of $133.35 million, a P/E ratio of 17.96 and a beta of 0.21. The firm has a 50 day moving average of $17.58 and a 200 day moving average of $17.83. Nicholas Fixed Income Alternative ETF has a 52 week low of $17.29 and a 52 week high of $18.32.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC grew its holdings in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 105,614 shares of the company’s stock after acquiring 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 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.