Research Affiliates Deletions ETF (NASDAQ:NIXT) Stock Short Interest Climbs 67.9%

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

Institutional Investors Weigh In On Research Affiliates Deletions ETF

A hedge fund recently bought a new stake in Research Affiliates Deletions ETF stock. Proficio Capital Partners LLC bought a new position in shares of Research Affiliates Deletions ETF (NASDAQ:NIXT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 Price Performance

Shares of NASDAQ NIXT traded up $0.01 during trading hours on Wednesday, hitting $32.57. 3,269 shares of the company’s stock were exchanged, compared to its average volume of 2,753. The company’s 50-day moving average price is $33.92 and its 200-day moving average price 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 capitalization of $39.41 million, a price-to-earnings ratio of 13.02 and a beta of 1.03.

Research Affiliates Deletions ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th will be issued a dividend of $0.0909 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. This is a drop from Research Affiliates Deletions ETF’s previous quarterly dividend of $0.1408. The ex-dividend date is Monday, September 28th.

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.