Research Affiliates Deletions ETF (NASDAQ:NIXT) Shares Shorted: Short Interest Up 315.4% in October

Research Affiliates Deletions ETF (NASDAQ:NIXT) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 486 shares, an increase of 315.4% from the September 30th total of 117 shares. Based on an average daily volume of 4,778 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Research Affiliates Deletions ETF

An institutional investor recently bought a new position in Research Affiliates Deletions ETF stock. Proficio Capital Partners LLC acquired a new position in shares of Research Affiliates Deletions ETF (NASDAQ:NIXT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,793 shares of the company’s stock, valued at approximately $780,000. Proficio Capital Partners LLC owned approximately 2.05% of Research Affiliates Deletions ETF as of its most recent SEC filing.

Research Affiliates Deletions ETF Stock Down 0.1%

Shares of NIXT traded down $0.03 during trading hours on Wednesday, hitting $35.16. The company had a trading volume of 2,046 shares, compared to its average volume of 4,385. The business has a fifty day moving average of $33.88 and a 200-day moving average of $31.10. The firm has a market cap of $50.28 million, a price-to-earnings ratio of 13.02 and a beta of 1.06. Research Affiliates Deletions ETF has a 12 month low of $23.83 and a 12 month high of $35.46.

Research Affiliates Deletions ETF Cuts Dividend

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