Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Declines By 70.8%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,997 shares, a decline of 70.8% from the August 15th total of 6,845 shares. Based on an average trading volume of 106,664 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors 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. Jane Street Group LLC bought a new stake in shares of REX IncomeMax Option Strategy ETF during the fourth quarter worth $264,000. OLD Mission Capital LLC bought a new position in shares of REX IncomeMax Option Strategy ETF during the fourth quarter worth about $142,000. Finally, Apollon Wealth Management LLC bought a new stake in REX IncomeMax Option Strategy ETF in the first quarter valued at approximately $431,000. 91.20% of the stock is owned by institutional investors.

REX IncomeMax Option Strategy ETF Stock Up 0.5%

ULTI opened at $6.50 on Friday. The stock has a fifty day moving average of $7.77 and a 200-day moving average of $11.19. The company has a market capitalization of $22.10 million, a P/E ratio of 3.14, a P/E/G ratio of 6.51 and a beta of -4.40. REX IncomeMax Option Strategy ETF has a fifty-two week low of $6.17 and a fifty-two week high of $26.50. 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 Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 11th. Stockholders of record on Thursday, September 10th were issued a dividend of $0.09 per share. This is a boost from REX IncomeMax Option Strategy ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, September 10th. This represents a dividend yield of 7,233.0%. REX IncomeMax Option Strategy ETF’s payout ratio is currently 397.10%.

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.