Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Increases By 49.1%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 6,845 shares, a growth of 49.1% from the July 30th total of 4,592 shares. Based on an average daily trading volume, of 38,206 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

REX IncomeMax Option Strategy ETF Stock Down 2.9%

Shares of NASDAQ:ULTI traded down $0.20 during trading on Tuesday, hitting $6.58. The company’s stock had a trading volume of 39,179 shares, compared to its average volume of 80,865. The company has a market capitalization of $22.39 million, a PE ratio of 3.18, a P/E/G ratio of 6.51 and a beta of -4.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02. REX IncomeMax Option Strategy ETF has a fifty-two week low of $6.17 and a fifty-two week high of $26.50. The business has a 50 day moving average price of $8.57 and a two-hundred day moving average price of $11.58.

REX IncomeMax Option Strategy ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, August 27th were issued a dividend of $0.095 per share. The ex-dividend date was Thursday, August 27th. This represents a yield of 6,968.0%. REX IncomeMax Option Strategy ETF’s dividend payout ratio is 388.41%.

Hedge Funds Weigh In On REX IncomeMax Option Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. OLD Mission Capital LLC acquired a new position in shares of REX IncomeMax Option Strategy ETF during the fourth quarter worth about $142,000. Jane Street Group LLC acquired a new stake in REX IncomeMax Option Strategy ETF in the fourth quarter valued at approximately $264,000. Finally, Apollon Wealth Management LLC acquired a new stake in REX IncomeMax Option Strategy ETF in the first quarter valued at approximately $431,000. Hedge funds and other institutional investors own 91.20% of the company’s stock.

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.