Short Interest in Research Affiliates Deletions ETF (NASDAQ:NIXT) Declines By 52.5%

Research Affiliates Deletions ETF (NASDAQ:NIXT) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 337 shares, a drop of 52.5% from the November 30th total of 710 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 2,976 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 2,976 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Research Affiliates Deletions ETF Stock Performance

NIXT stock traded down $0.02 during midday trading on Friday, reaching $26.91. 838 shares of the company traded hands, compared to its average volume of 10,587. The firm has a market capitalization of $34.71 million, a price-to-earnings ratio of 13.02 and a beta of 1.89. Research Affiliates Deletions ETF has a 52-week low of $19.51 and a 52-week high of $27.76. The business has a 50 day moving average of $26.20 and a 200-day moving average of $25.80.

Research Affiliates Deletions ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.1199 per share. This is a positive change from Research Affiliates Deletions ETF’s previous dividend of $0.10. The ex-dividend date was Tuesday, December 23rd.

Institutional Investors Weigh In On Research Affiliates Deletions ETF

Several institutional investors have recently made changes to their positions in NIXT. Signature Estate & Investment Advisors LLC increased its holdings in Research Affiliates Deletions ETF by 13.1% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 8,901 shares of the company’s stock worth $206,000 after purchasing an additional 1,032 shares during the period. Moloney Securities Asset Management LLC bought a new position in shares of Research Affiliates Deletions ETF during the 2nd quarter worth $218,000. Royal Bank of Canada increased its stake in shares of 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 buying an additional 32,067 shares during the period. Finally, MAI Capital Management bought a new stake in shares of Research Affiliates Deletions ETF in the third quarter valued at about $29,000.

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.