REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Sees Large Growth in Short Interest

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 39,294 shares, an increase of 114.6% from the May 14th total of 18,310 shares. Based on an average daily volume of 102,817 shares, the short-interest ratio is currently 0.4 days. Currently, 2.0% of the shares of the company are short sold.

REX IncomeMax Option Strategy ETF Stock Performance

Shares of ULTI stock traded down $0.17 on Friday, hitting $12.95. The company’s stock had a trading volume of 89,006 shares, compared to its average volume of 77,822. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day moving average is $13.73 and its 200-day moving average is $14.44. REX IncomeMax Option Strategy ETF has a fifty-two week low of $10.95 and a fifty-two week high of $26.50. The company has a market capitalization of $25.90 million, a PE ratio of 6.26, a PEG ratio of 6.51 and a beta of -4.57.

REX IncomeMax Option Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, June 11th. REX IncomeMax Option Strategy ETF’s dividend payout ratio is presently 316.43%.

Institutional Investors Weigh In On REX IncomeMax Option Strategy ETF

A number of hedge funds have recently made changes to their positions in the stock. OLD Mission Capital LLC acquired a new stake in shares of REX IncomeMax Option Strategy ETF in the 4th quarter valued at approximately $142,000. Jane Street Group LLC acquired a new stake in shares of REX IncomeMax Option Strategy ETF in the 4th quarter valued at approximately $264,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of REX IncomeMax Option Strategy ETF in the 1st quarter valued at approximately $431,000. 91.20% of the stock is currently owned by institutional investors and hedge funds.

REX IncomeMax Option Strategy ETF Company Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions to enterprise companies, mid-market companies, and companies in the strategic market in the United States, Canada, Europe, the Asia Pacific, and internationally. Its UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement. The company's UltiPro solution includes feature sets for talent acquisition and onboarding, human resources (HR) service delivery and management, benefits management and online enrollment, payroll, performance management, employee engagement surveying, compensation management with salary planning, budgeting, incentive award planning, succession management, learning management, reporting and analytical decision-making and predictive tools and time capture, scheduling, attendance tracking, and absence accruals; and has role-based features for HR professionals, executives, managers, administrators, and employees.