Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Grows By 115.8%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 84,802 shares, a growth of 115.8% from the May 31st total of 39,294 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average trading volume of 100,109 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On REX IncomeMax Option Strategy ETF

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of REX IncomeMax Option Strategy ETF in the fourth quarter valued at approximately $264,000. OLD Mission Capital LLC purchased a new stake in shares of REX IncomeMax Option Strategy ETF during the fourth quarter valued at approximately $142,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of REX IncomeMax Option Strategy ETF during the first quarter valued at approximately $431,000. Institutional investors own 91.20% of the company’s stock.

REX IncomeMax Option Strategy ETF Stock Performance

Shares of ULTI stock opened at $11.35 on Tuesday. The firm has a 50-day moving average of $13.51 and a 200-day moving average of $14.01. The company has a market cap of $22.70 million, a P/E ratio of 5.48, a P/E/G ratio of 6.51 and a beta of 4.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.02 and a quick ratio of 1.02. REX IncomeMax Option Strategy ETF has a one year low of $10.59 and a one year high of $26.50.

REX IncomeMax Option Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 25th were paid a $0.155 dividend. The ex-dividend date was Thursday, June 25th. REX IncomeMax Option Strategy ETF’s dividend payout ratio (DPR) is 340.58%.

About REX IncomeMax Option Strategy ETF

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.