Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Increases By 169.0%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 9,648 shares, a growth of 169.0% from the May 14th total of 3,587 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 268,453 shares, the days-to-cover ratio is presently 0.0 days.

REX AI Equity Premium Income ETF Stock Performance

Shares of NASDAQ AIPI traded down $0.12 during midday trading on Friday, reaching $37.30. The stock had a trading volume of 136,595 shares, compared to its average volume of 173,097. The stock has a 50-day moving average of $36.65 and a 200-day moving average of $37.76. The company has a market capitalization of $405.82 million, a price-to-earnings ratio of 41.65 and a beta of 1.07. REX AI Equity Premium Income ETF has a 12-month low of $32.21 and a 12-month high of $45.08.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 11th. Stockholders of record on Wednesday, June 10th were paid a $0.2527 dividend. The ex-dividend date of this dividend was Wednesday, June 10th.

Institutional Trading of REX AI Equity Premium Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of REX AI Equity Premium Income ETF in the fourth quarter worth $60,000. Janney Montgomery Scott LLC purchased a new stake in shares of REX AI Equity Premium Income ETF in the fourth quarter worth $222,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of REX AI Equity Premium Income ETF by 45.9% in the fourth 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.

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.