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

Research Affiliates Deletions ETF (NASDAQ:NIXT) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,796 shares, an increase of 67.9% from the August 31st total of 1,665 shares. Based on an average daily volume of 3,937 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Research Affiliates Deletions ETF

An institutional investor recently bought a new position in Research Affiliates Deletions ETF stock. Proficio Capital Partners LLC acquired a new stake in shares of Research Affiliates Deletions ETF (NASDAQ:NIXT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 24,793 shares of the company’s stock, valued at approximately $780,000. Proficio Capital Partners LLC owned 2.05% of Research Affiliates Deletions ETF at the end of the most recent quarter.

Research Affiliates Deletions ETF Stock Performance

Shares of NIXT traded up $0.01 during trading hours on Wednesday, reaching $32.57. 3,269 shares of the company traded hands, compared to its average volume of 2,753. The stock’s fifty day moving average is $33.92 and its 200 day moving average is $31.69. Research Affiliates Deletions ETF has a 1-year low of $23.83 and a 1-year high of $35.25. The stock has a market cap of $39.41 million, a P/E ratio of 13.02 and a beta of 1.03.

Research Affiliates Deletions ETF Cuts Dividend

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

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.