REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Update

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 49,092 shares, a growth of 179.2% from the January 29th total of 17,583 shares. Based on an average trading volume of 205,250 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 205,250 shares, the days-to-cover ratio is presently 0.2 days.

REX AI Equity Premium Income ETF Price Performance

Shares of NASDAQ:AIPI opened at $35.54 on Friday. REX AI Equity Premium Income ETF has a 1 year low of $33.68 and a 1 year high of $45.76. The firm has a market capitalization of $388.45 million, a PE ratio of 41.65 and a beta of 1.10. The business’s 50 day moving average price is $38.67 and its 200-day moving average price is $41.03.

REX AI Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 25th were issued a dividend of $1.0385 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 35.1%.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC purchased a new stake in REX AI Equity Premium Income ETF during the 4th quarter valued at about $60,000. Janney Montgomery Scott LLC acquired a new position in shares of REX AI Equity Premium Income ETF during the 4th quarter worth approximately $222,000. CoreCap Advisors LLC boosted its holdings in shares of REX AI Equity Premium Income ETF by 45.1% during the 3rd quarter. CoreCap Advisors LLC now owns 6,057 shares of the company’s stock worth $255,000 after purchasing an additional 1,882 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in shares of REX AI Equity Premium Income ETF by 186.2% in the second quarter. SBI Securities Co. Ltd. now owns 14,345 shares of the company’s stock valued at $622,000 after purchasing an additional 9,332 shares in the last quarter.

REX AI Equity Premium Income ETF Company Profile

The REX AI Equity Premium Income ETF (AIPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in leading Artificial Intelligence (AI) companies selected from the holdings of the BITA AI Leaders Select Index. The fund seeks to generate income by writing covered call options on its holdings, aiming for capital growth and current income, while maintaining the flexibility to adapt based on market conditions AIPI was launched on Jun 4, 2024 and is issued by REX Shares.