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

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

Nicholas Fixed Income Alternative ETF Stock Up 0.5%

NYSEARCA FIAX opened at $17.84 on Thursday. The stock has a market capitalization of $144.50 million, a P/E 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 $19.00. The firm has a 50-day moving average price of $17.93 and a 200 day moving average price of $18.03.

Nicholas Fixed Income Alternative ETF Cuts Dividend

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nicholas Fixed Income Alternative ETF stock. Flow Traders U.S. LLC lifted its stake in shares of Nicholas Fixed Income Alternative ETF (NYSEARCA:FIAX) by 148.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 about 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.