Research Affiliates Deletions ETF (NASDAQ:NIXT) Trading Down 1.6% – Should You Sell?

Shares of Research Affiliates Deletions ETF (NASDAQ:NIXT) fell 1.6% on Friday . The company 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 Stock Performance

The firm has a market cap of $34.73 million, a price-to-earnings ratio of 13.02 and a beta of 1.89. The business has a fifty day simple moving average of $26.77 and a 200-day simple moving average of $26.21.

Research Affiliates Deletions ETF Increases Dividend

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

Institutional Trading of Research Affiliates Deletions ETF

A number of large investors have recently bought and sold shares of NIXT. MAI Capital Management acquired a new position in shares of Research Affiliates Deletions ETF in the 3rd quarter valued at about $29,000. Moloney Securities Asset Management LLC bought a new position in shares of Research Affiliates Deletions ETF during the 2nd quarter worth approximately $218,000. Finally, Royal Bank of Canada grew its position in shares of Research Affiliates Deletions ETF by 2,137.8% during the 1st quarter. Royal Bank of Canada now owns 33,567 shares of the company’s stock worth $777,000 after buying an additional 32,067 shares during the period.

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.