Short Interest in Research Affiliates Deletions ETF (NASDAQ:NIXT) Drops By 78.3%

Research Affiliates Deletions ETF (NASDAQ:NIXT) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 76 shares, a decline of 78.3% from the January 15th total of 350 shares. Based on an average daily volume of 3,811 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 3,811 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. MAI Capital Management purchased a new stake in shares of Research Affiliates Deletions ETF in the 3rd quarter worth about $29,000. Moloney Securities Asset Management LLC purchased a new position in Research Affiliates Deletions ETF during the 2nd quarter valued at about $218,000. Finally, Royal Bank of Canada boosted its stake in Research Affiliates Deletions ETF by 2,137.8% during the first quarter. Royal Bank of Canada now owns 33,567 shares of the company’s stock worth $777,000 after acquiring an additional 32,067 shares in the last quarter.

Research Affiliates Deletions ETF Price Performance

NIXT traded down $0.75 during midday trading on Thursday, reaching $27.74. 5,120 shares of the company’s stock traded hands, compared to its average volume of 4,011. Research Affiliates Deletions ETF has a 52 week low of $19.51 and a 52 week high of $28.70. The firm has a fifty day moving average of $27.41 and a two-hundred day moving average of $26.41. The stock has a market capitalization of $34.68 million, a price-to-earnings ratio of 13.02 and a beta of 1.89.

Research Affiliates Deletions ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.1199 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change from Research Affiliates Deletions ETF’s previous dividend of $0.10.

Research Affiliates Deletions ETF Company Profile

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.