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

Research Affiliates Deletions ETF (NASDAQ:NIXT) saw a significant increase in short interest in the month of 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. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,692 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors 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 Research Affiliates Deletions ETF (NASDAQ:NIXT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,100 shares of the company’s stock, valued at approximately $29,000. MAI Capital Management owned approximately 0.09% of Research Affiliates Deletions ETF at the end of the most recent reporting period.

Research Affiliates Deletions ETF Stock Up 2.9%

Shares of NASDAQ NIXT opened at $32.50 on Friday. Research Affiliates Deletions ETF has a 52-week low of $23.83 and a 52-week high of $32.50. The firm has a fifty day moving average of $31.03 and a 200-day moving average of $28.85. The stock has a market capitalization of $39.65 million, a PE ratio of 13.02 and a beta of 1.07.

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.