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The Nicholas Fixed Income Alternative ETF FIAX Fund is an actively managed exchange traded fund ETF that seeks to provide income using US Treasury fixed income securities and a defined risk option premium. The Funds defined risk option premium strategy uses options on ETFs across multiple asset classes e.g. equities, commodities, fixed income. The Fund's option positions will be comprised of vertical credit spreads and vertical debit spreads that aim to capture a premium representing a combination of dividends and growth of the underlying assets.
Nicholas Fixed Income Alternative ETF trades on the ARCA stock market under the symbol FIAX.
As of April 10, 2026, FIAX stock price declined to $17.59 with 2,348 million shares trading.
FIAX has a beta of 0.20, meaning it tends to be less sensitive to market movements. FIAX has a correlation of 0.46 to the broad based SPY ETF.
FIAX has a market cap of $136.32 million. This is considered a Micro Cap stock.
In the last 3 years, FIAX traded as high as $20.11 and as low as $17.29.
FIAX has underperformed the market in the last year with a price return of +4.6% while the SPY ETF gained +25.1%. However, in the short term, FIAX had mixed performance relative to the market. It has outperformed in the last 3 months, returning -0.4% vs -1.9% return in SPY. But in the last 2 weeks, FIAX shares have been beat by the market, returning +1.2% compared to an SPY return of +5.3%.
FIAX support price is $17.55 and resistance is $17.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FIAX shares will trade within this expected range on the day.
