Research Affiliates Deletions ETF (NASDAQ:NIXT) Short Interest Up 244.6% in June

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

Hedge Funds Weigh In On Research Affiliates Deletions ETF

A hedge fund recently bought a new position in Research Affiliates Deletions ETF stock. MAI Capital Management acquired a new stake in shares of Research Affiliates Deletions ETF (NASDAQ:NIXT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,100 shares of the company’s stock, valued at approximately $29,000. MAI Capital Management owned about 0.09% of Research Affiliates Deletions ETF at the end of the most recent quarter.

Research Affiliates Deletions ETF Stock Down 0.3%

Shares of NASDAQ NIXT traded down $0.10 during mid-day trading on Monday, reaching $32.40. 3,089 shares of the company were exchanged, compared to its average volume of 2,569. Research Affiliates Deletions ETF has a 52 week low of $23.83 and a 52 week high of $32.50. The company’s 50 day moving average price is $31.06 and its 200 day moving average price is $28.90. The stock has a market capitalization of $39.53 million, a PE ratio of 13.02 and a beta of 1.07.

Research Affiliates Deletions ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th will be paid a dividend of $0.1408 per share. The ex-dividend date of this dividend is Monday, June 29th.

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.