Short Interest in Research Affiliates Deletions ETF (NASDAQ:NIXT) Expands By 101.6%

Research Affiliates Deletions ETF (NASDAQ:NIXTGet Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 15,033 shares, a growth of 101.6% from the July 30th total of 7,458 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 2,208 shares, the days-to-cover ratio is presently 6.8 days.

Research Affiliates Deletions ETF Stock Down 0.1%

NIXT stock traded down $0.04 during midday trading on Friday, hitting $34.87. The company’s stock had a trading volume of 3,682 shares, compared to its average volume of 2,383. The stock has a market cap of $42.19 million, a price-to-earnings ratio of 13.02 and a beta of 1.02. The stock’s 50-day moving average price is $33.41 and its 200 day moving average price is $30.84. Research Affiliates Deletions ETF has a 1 year low of $23.83 and a 1 year high of $35.25.

Research Affiliates Deletions ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a dividend of $0.1408 per share. The ex-dividend date was Monday, June 29th.

Hedge Funds Weigh In On Research Affiliates Deletions ETF

A hedge fund recently raised its position in Research Affiliates Deletions ETF stock. Royal Bank of Canada increased its stake in shares of Research Affiliates Deletions ETF (NASDAQ:NIXTFree Report) by 2,137.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,567 shares of the company’s stock after buying an additional 32,067 shares during the period. Royal Bank of Canada owned about 2.43% of Research Affiliates Deletions ETF worth $777,000 as of its most recent SEC filing.

About Research Affiliates Deletions ETF

(Get Free Report)

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.

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