Research Affiliates Deletions ETF (NASDAQ:NIXT) Sees Significant Drop in Short Interest

Research Affiliates Deletions ETF (NASDAQ:NIXTGet Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,665 shares, a decline of 88.9% from the August 15th total of 15,033 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,757 shares, the short-interest ratio is presently 0.9 days.

Research Affiliates Deletions ETF Stock Performance

Shares of NIXT traded up $0.35 on Friday, hitting $33.44. 724 shares of the stock traded hands, compared to its average volume of 2,386. The company has a market capitalization of $40.46 million, a PE ratio of 13.02 and a beta of 1.03. The business has a 50 day simple moving average of $33.81 and a 200 day simple moving average of $31.21. Research Affiliates Deletions ETF has a one year low of $23.83 and a one year high of $35.25.

Research Affiliates Deletions ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a $0.1408 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Investors Weigh In On Research Affiliates Deletions ETF

A hedge fund recently bought a new stake in Research Affiliates Deletions ETF stock. Proficio Capital Partners LLC bought a new stake in shares of Research Affiliates Deletions ETF (NASDAQ:NIXTFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,793 shares of the company’s stock, valued at approximately $780,000. Proficio Capital Partners LLC owned 2.05% of Research Affiliates Deletions ETF as of its most recent filing with the Securities and Exchange Commission.

About Research Affiliates Deletions ETF

(Get Free Report)

The Research Affiliates Deletions ETF (NIXT) is an exchange-traded fund that is based on the Research Affiliates Deletions index. The fund tracks an index of US small-cap value equities comprised of recently deleted stocks from a market cap-weighted index. The investment premise is that depreciated stock prices will revert to their average levels NIXT was launched on Sep 9, 2024 and is issued by RAFI Indices.

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