Research Affiliates Deletions ETF (NASDAQ:NIXT) Sees Large Increase in Short Interest

Research Affiliates Deletions ETF (NASDAQ:NIXT) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 3,865 shares, an increase of 64.9% from the June 30th total of 2,344 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 2,004 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Research Affiliates Deletions ETF stock. Royal Bank of Canada lifted its position in Research Affiliates Deletions ETF (NASDAQ:NIXT) by 355.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,423 shares of the company’s stock after buying an additional 17,495 shares during the quarter. Royal Bank of Canada owned about 1.79% of Research Affiliates Deletions ETF worth $593,000 as of its most recent SEC filing.

Research Affiliates Deletions ETF Price Performance

NIXT stock traded down $0.46 during midday trading on Friday, hitting $33.12. The company’s stock had a trading volume of 3,449 shares, compared to its average volume of 2,441. Research Affiliates Deletions ETF has a twelve month low of $23.83 and a twelve month high of $34.00. The company’s fifty day moving average price is $32.12 and its 200 day moving average price is $29.85. The stock has a market capitalization of $40.08 million, a P/E ratio of 13.02 and a beta of 1.03.

Research Affiliates Deletions ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a dividend of $0.1408 per share. The ex-dividend date was Monday, June 29th.

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.