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The Fund uses a "passive management" approach to seek to track the total return performance, before fees and expenses, of the Index. The Index is based on a proprietary methodology developed and maintained by RAFI Indices, LLC (the "Index Provider"). The Index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. The Index is based on a mean reversion trading strategy and will generally include stocks whose prices have depreciated below a pre-determined benchmark. The Index Provider has developed two cap-weight market indices that will serve as the benchmarks for the Index. This Index is based on the premise that a depreciated stock price will eventually revert/return to its average price levels. The Underlying Indices will consist of the equity securities of the top 500 U.S. companies or top 1000 U.S. companies, respectively, as ranked by the Index Provider. The Index Provider uses two Underlying Indices in order to have a larger eligible pool of securities which provides greater breadth and diversification to the Index. Securities deleted from the Cap-weight 500 Index that remain on the Cap-weight 1000 Index are eligible for the Index.
Research Affiliates Deletions ETF trades on the NASDAQ stock market under the symbol NIXT.
As of January 17, 2025, NIXT stock price climbed to $26.24 with 9,893 million shares trading.
NIXT has a market cap of $38.84 million. This is considered a Sub-Micro Cap stock.
NIXT support price is $25.73 and resistance is $26.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NIXT shares will trade within this expected range on the day.