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

Research Affiliates Deletions ETF (NASDAQ:NIXT) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 76 shares, a drop of 78.3% from the January 15th total of 350 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,811 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 3,811 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Research Affiliates Deletions ETF

Institutional investors and hedge funds have recently modified their holdings of the company. MAI Capital Management bought a new stake in shares of Research Affiliates Deletions ETF during the 3rd quarter worth $29,000. Moloney Securities Asset Management LLC acquired a new position in Research Affiliates Deletions ETF during the 2nd quarter worth $218,000. Finally, Royal Bank of Canada boosted its holdings in 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 valued at $777,000 after acquiring an additional 32,067 shares during the period.

Research Affiliates Deletions ETF Price Performance

NASDAQ:NIXT traded down $0.14 during trading hours on Wednesday, reaching $28.40. The company’s stock had a trading volume of 1,694 shares, compared to its average volume of 3,971. The company has a market cap of $35.50 million, a price-to-earnings ratio of 13.02 and a beta of 1.89. Research Affiliates Deletions ETF has a one year low of $19.51 and a one year high of $28.70. The business’s 50-day moving average is $27.35 and its 200-day moving average is $26.38.

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 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.

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.