Research Affiliates Deletions ETF (NASDAQ:NIXT) Stock Price Down 1.6% – Here’s What Happened

Research Affiliates Deletions ETF (NASDAQ:NIXT)’s stock price traded down 1.6% on Friday . The stock traded as low as $27.77 and last traded at $27.78. 3,910 shares were traded during trading, an increase of 12% from the average session volume of 3,494 shares. The stock had previously closed at $28.23.

Research Affiliates Deletions ETF Trading Down 1.6%

The stock has a market capitalization of $34.73 million, a PE ratio of 13.02 and a beta of 1.89. The business’s 50-day moving average is $26.77 and its two-hundred day moving average is $26.20.

Research Affiliates Deletions ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were given a $0.1199 dividend. 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.

Hedge Funds Weigh In On Research Affiliates Deletions ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MAI Capital Management purchased a new position in Research Affiliates Deletions ETF in the 3rd quarter worth approximately $29,000. Moloney Securities Asset Management LLC acquired a new position in shares of Research Affiliates Deletions ETF during the second quarter worth $218,000. Finally, Royal Bank of Canada lifted its position in shares of 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 purchasing an additional 32,067 shares in the last quarter.

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.