Research Affiliates Deletions ETF (NASDAQ:NIXT) Stock Short Interest Rises 606.8%

Research Affiliates Deletions ETF (NASDAQ:NIXT) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 3,435 shares, a growth of 606.8% from the October 15th total of 486 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 38,178 shares, the short-interest ratio is currently 0.1 days.

Research Affiliates Deletions ETF Price Performance

NIXT traded down $0.57 on Thursday, reaching $35.60. 31,733 shares of the stock were exchanged, compared to its average volume of 6,667. The company’s 50-day moving average price is $34.13 and its 200 day moving average price is $31.58. Research Affiliates Deletions ETF has a fifty-two week low of $23.83 and a fifty-two week high of $36.75. The firm has a market capitalization of $66.57 million, a PE ratio of 17.10 and a beta of 1.00.

Research Affiliates Deletions ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a $0.0909 dividend. This is a drop from Research Affiliates Deletions ETF’s previous quarterly dividend of $0.1408. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, September 28th.

Institutional Inflows and Outflows

An institutional investor 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) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

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.