REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Down 62.8% in May

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 3,587 shares, a decrease of 62.8% from the April 30th total of 9,635 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 132,226 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC purchased a new stake in shares of REX AI Equity Premium Income ETF in the fourth quarter valued at $222,000. SBI Securities Co. Ltd. increased its position in REX AI Equity Premium Income ETF by 45.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock worth $702,000 after purchasing an additional 5,510 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in REX AI Equity Premium Income ETF during the 4th quarter worth about $60,000.

REX AI Equity Premium Income ETF Price Performance

Shares of AIPI opened at $39.21 on Friday. REX AI Equity Premium Income ETF has a 1-year low of $32.21 and a 1-year high of $45.08. The stock has a market cap of $426.60 million, a price-to-earnings ratio of 41.65 and a beta of 1.00. The firm has a 50 day simple moving average of $35.88 and a 200-day simple moving average of $38.02.

REX AI Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd were given a dividend of $1.0518 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This is a positive change from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.02. This represents a c) annualized dividend and a yield of 32.2%.

About REX AI Equity Premium Income ETF

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.