Short Interest in Research Affiliates Deletions ETF (NASDAQ:NIXT) Declines By 61.9%

Research Affiliates Deletions ETF (NASDAQ:NIXT) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 165 shares, a drop of 61.9% from the February 12th total of 433 shares. Based on an average daily volume of 3,825 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,825 shares, the short-interest ratio is currently 0.0 days.

Research Affiliates Deletions ETF Price Performance

Shares of NIXT traded down $0.34 during mid-day trading on Thursday, hitting $27.14. The company’s stock had a trading volume of 2,915 shares, compared to its average volume of 3,734. The firm has a 50-day moving average price of $27.87 and a 200 day moving average price of $26.83. Research Affiliates Deletions ETF has a fifty-two week low of $19.51 and a fifty-two week high of $28.77. The stock has a market capitalization of $33.93 million, a price-to-earnings ratio of 13.02 and a beta of 1.89.

Research Affiliates Deletions ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were issued a $0.1199 dividend. This is an increase from Research Affiliates Deletions ETF’s previous dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Investors Weigh In On Research Affiliates Deletions ETF

A hedge fund recently raised its stake 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 the company in its most recent filing with the SEC. The institutional investor owned 22,423 shares of the company’s stock after acquiring an additional 17,495 shares during the quarter. Royal Bank of Canada owned approximately 1.79% of Research Affiliates Deletions ETF worth $593,000 as of its most recent filing with the SEC.

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.