Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Decreases By 71.2%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 4,592 shares, a drop of 71.2% from the July 15th total of 15,933 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 90,876 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC acquired a new stake in shares of REX IncomeMax Option Strategy ETF during the 1st quarter valued at $431,000. OLD Mission Capital LLC acquired a new position in shares of REX IncomeMax Option Strategy ETF in the 4th quarter worth $142,000. Finally, Jane Street Group LLC acquired a new stake in shares of REX IncomeMax Option Strategy ETF during the fourth quarter worth $264,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

REX IncomeMax Option Strategy ETF Price Performance

Shares of ULTI traded up $0.03 during midday trading on Friday, reaching $7.64. The stock had a trading volume of 22,435 shares, compared to its average volume of 79,209. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $25.98 million, a P/E ratio of 3.69, a P/E/G ratio of 6.51 and a beta of -4.24. The firm’s 50 day moving average price is $9.94 and its 200-day moving average price is $12.27. REX IncomeMax Option Strategy ETF has a 52 week low of $6.94 and a 52 week high of $26.50.

REX IncomeMax Option Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, August 13th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, August 13th. REX IncomeMax Option Strategy ETF’s dividend payout ratio is currently 374.88%.

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.