Research Affiliates Deletions ETF (NASDAQ:NIXT) Shares Shorted: Short Interest Up 606.8% in October

Research Affiliates Deletions ETF (NASDAQ:NIXT) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 3,435 shares, an increase of 606.8% from the October 15th total of 486 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 38,178 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Research Affiliates Deletions ETF

An institutional investor recently bought a new position in Research Affiliates Deletions ETF stock. Proficio Capital Partners LLC bought a new stake in shares of Research Affiliates Deletions ETF (NASDAQ:NIXT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,793 shares of the company’s stock, valued at approximately $780,000. Proficio Capital Partners LLC owned approximately 2.05% of Research Affiliates Deletions ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Research Affiliates Deletions ETF Stock Down 1.6%

NASDAQ NIXT opened at $35.60 on Friday. Research Affiliates Deletions ETF has a twelve month low of $23.83 and a twelve month high of $36.75. The firm has a market capitalization of $66.57 million, a PE ratio of 17.10 and a beta of 1.00. The stock’s 50 day moving average is $34.13 and its 200 day moving average is $31.58.

Research Affiliates Deletions ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were given a dividend of $0.0909 per share. This is a decrease from Research Affiliates Deletions ETF’s previous quarterly dividend of $0.1408. This represents a $0.36 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, September 28th.

About Research Affiliates Deletions ETF

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.