Research Affiliates Deletions ETF (NASDAQ:NIXT) Stock Short Interest Falls 95.8%

Research Affiliates Deletions ETF (NASDAQ:NIXT) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 117 shares, a drop of 95.8% from the September 15th total of 2,796 shares. Based on an average daily trading volume, of 7,318 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Research Affiliates Deletions ETF Price Performance

Shares of Research Affiliates Deletions ETF stock traded up $0.22 during trading on Friday, hitting $33.41. 2,107 shares of the company were exchanged, compared to its average volume of 2,707. The firm has a market capitalization of $40.43 million, a P/E ratio of 13.02 and a beta of 1.06. Research Affiliates Deletions ETF has a 1-year low of $23.83 and a 1-year high of $35.25. The firm’s fifty day moving average price is $33.88 and its 200 day moving average price is $31.99.

Research Affiliates Deletions ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a dividend of $0.0909 per share. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 28th. This is a negative change from Research Affiliates Deletions ETF’s previous quarterly dividend of $0.1408.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Research Affiliates Deletions ETF stock. Proficio Capital Partners LLC bought a new stake in Research Affiliates Deletions ETF (NASDAQ:NIXT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 (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.