Short Interest in Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) Drops By 63.6%
by Doug Wharley · The Cerbat GemNicholas Fixed Income Alternative ETF (NYSEARCA:FIAX – Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,411 shares, a decline of 63.6% from the November 30th total of 3,875 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 12,876 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 12,876 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC boosted its stake in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX – Free Report) by 148.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 1.23% of Nicholas Fixed Income Alternative ETF worth $1,904,000 as of its most recent SEC filing.
Nicholas Fixed Income Alternative ETF Price Performance
Nicholas Fixed Income Alternative ETF stock remained flat at $17.99 during mid-day trading on Friday. The company had a trading volume of 24,445 shares, compared to its average volume of 16,617. The business has a 50-day moving average price of $18.03 and a two-hundred day moving average price of $18.10. The firm has a market cap of $154.17 million, a price-to-earnings ratio of 17.96 and a beta of 0.22. Nicholas Fixed Income Alternative ETF has a 52 week low of $17.60 and a 52 week high of $19.23.
Nicholas Fixed Income Alternative ETF Company Profile
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.