Research Affiliates Deletions ETF (NASDAQ:NIXT) Short Interest Update

Research Affiliates Deletions ETF (NASDAQ:NIXT) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,119 shares, a growth of 244.6% from the May 31st total of 615 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 2,692 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Research Affiliates Deletions ETF stock. Royal Bank of Canada raised its holdings in Research Affiliates Deletions ETF (NASDAQ:NIXT) by 2,137.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,567 shares of the company’s stock after acquiring an additional 32,067 shares during the quarter. Royal Bank of Canada owned 2.43% of Research Affiliates Deletions ETF worth $777,000 as of its most recent filing with the Securities and Exchange Commission.

Research Affiliates Deletions ETF Stock Performance

Shares of NASDAQ NIXT opened at $32.50 on Friday. Research Affiliates Deletions ETF has a 1 year low of $23.83 and a 1 year high of $32.50. The firm has a market cap of $39.65 million, a P/E ratio of 13.02 and a beta of 1.07. The stock has a fifty day moving average price of $31.03 and a two-hundred day moving average price of $28.85.

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.