Nicholas Fixed Income Alternative ETF (FIAX) Price, Holdings, & News

ETF Overview

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.

Key Stats

• Today's Range: $18.24 to $18.28
• 50-Day Range: $17.68 to $18.27
• 52-Week Range: $17.60 to $19.75
• Volume: 6,762 shs
• Average Volume: 40,673 shs
• Market Capitalization: $159.41 million
• Assets Under Management: $160.19 million
• Dividend Yield: 8.71%
• Net Expense Ratio: 1.04%
• Aggregate Rating: N/A

FIAX ETF - Frequently Asked Questions

How have FIAX shares performed this year?

Nicholas Fixed Income Alternative ETF's stock was trading at $19.03 at the beginning of the year. Since then, FIAX stock has decreased by 4.0% and is now trading at $18.26.
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Who are Nicholas Fixed Income Alternative ETF's major shareholders?

Nicholas Fixed Income Alternative ETF's top institutional investors include Flow Traders U.S. LLC (0.47%).

How do I buy shares of Nicholas Fixed Income Alternative ETF?

Shares of FIAX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Nicholas Fixed Income Alternative ETF own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nicholas Fixed Income Alternative ETF investors own include Altria Group (MO), British American Tobacco (BTI), Verizon Communications (VZ), VICI Properties (VICI), Virtus Equity & Convertible Income Fund (NIE), Universal (UVV) and Blackstone Mortgage Trust (BXMT).

Fund Details

• Issuer: Toroso Investments
• Fund Name: Nicholas Fixed Income Alternative ETF
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:FIAX
• Inception Date: 11/30/2022
• Fund Manager: David Nicholas, Jay Petrischelli, Michael Venuto, Charles A. Ragauss
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Fixed Income
• Benchmark: N/A
• Category: U.S. Government
• Focus: Treasury
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 35

Fund Statistics

• Assets Under Management: $160.19 million
• Average Daily Volume: $0.00
• Discount/Premium: -0.09%

Administrator, Advisor and Custodian

• Administrator: Tidal ETF Services, LLC
• Advisor: Toroso Investments, LLC
• Custodian: U.S. Bank, N.A.
• Distributor: Foreside Fund Services, LLC
• Transfer Agent: U.S. Bancorp Fund Services, LLC
• Trustee: N/A
• Lead Market Maker: Jane Street

Options

• Optionable: N/A
• Short Interest: 2,300 shs

Miscellaneous

• Outstanding Shares: 8,730,000
• Beta: 0.20
• Creation Fee: $500.00