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

Research Affiliates Deletions ETF (NASDAQ:NIXTGet Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,665 shares, a decrease of 88.9% from the August 15th total of 15,033 shares. Based on an average trading volume of 1,757 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the shares of the stock are short sold.

Research Affiliates Deletions ETF Stock Performance

NIXT traded down $0.26 during midday trading on Thursday, hitting $33.11. The company had a trading volume of 877 shares, compared to its average volume of 2,396. Research Affiliates Deletions ETF has a twelve month low of $23.83 and a twelve month high of $35.25. The company has a market capitalization of $40.06 million, a PE ratio of 13.02 and a beta of 1.03. The firm’s 50-day simple moving average is $33.81 and its 200-day simple moving average is $31.21.

Research Affiliates Deletions ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a dividend of $0.1408 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Research Affiliates Deletions ETF stock. Proficio Capital Partners LLC acquired a new position in shares of Research Affiliates Deletions ETF (NASDAQ:NIXTFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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.

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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