Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Increases By 8,942.9%

Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 633 shares, a growth of 8,942.9% from the January 29th total of 7 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,386 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 12,386 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of Nicholas Fixed Income Alternative ETF

An institutional investor recently raised its position in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC lifted its holdings in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 quarter.

Nicholas Fixed Income Alternative ETF Stock Performance

Shares of NYSEARCA FIAX traded up $0.08 during mid-day trading on Wednesday, hitting $17.84. 15,078 shares of the stock were exchanged, compared to its average volume of 23,845. Nicholas Fixed Income Alternative ETF has a twelve month low of $17.60 and a twelve month high of $19.00. The stock’s fifty day simple moving average is $17.94 and its two-hundred day simple moving average is $18.03. The company has a market cap of $144.50 million, a P/E ratio of 17.96 and a beta of 0.22.

Nicholas Fixed Income Alternative ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 20th. Shareholders of record on Thursday, February 19th were given a $0.1199 dividend. The ex-dividend date was Thursday, February 19th. This represents a c) annualized dividend and a yield of 8.1%.

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.