REX AI Equity Premium Income ETF (NASDAQ:AIPI) Stock Short Interest Report for October

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 111,492 shares, a decrease of 65.1% from the September 30th total of 319,541 shares. Based on an average trading volume of 274,064 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its holdings in shares of REX AI Equity Premium Income ETF by 45.4% in the third quarter. SBI Securities Co. Ltd. now owns 47,112 shares of the company’s stock valued at $1,762,000 after buying an additional 14,719 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of REX AI Equity Premium Income ETF by 51.2% in the first quarter. Janney Montgomery Scott LLC now owns 8,367 shares of the company’s stock worth $281,000 after buying an additional 2,832 shares during the period. Finally, CoreCap Advisors LLC acquired a new position in shares of REX AI Equity Premium Income ETF in the 3rd quarter valued at about $77,000.

REX AI Equity Premium Income ETF Trading Down 2.3%

Shares of REX AI Equity Premium Income ETF stock traded down $0.82 during trading hours on Thursday, reaching $35.40. The stock had a trading volume of 273,101 shares, compared to its average volume of 182,522. The firm has a market capitalization of $479.67 million, a price-to-earnings ratio of 41.65 and a beta of 1.11. REX AI Equity Premium Income ETF has a 1 year low of $32.21 and a 1 year high of $44.07. The firm has a 50 day simple moving average of $36.88 and a two-hundred day simple moving average of $36.66.

REX AI Equity Premium Income ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 28th will be paid a $0.2387 dividend. This is a drop from REX AI Equity Premium Income ETF’s previous dividend of $0.2396. The ex-dividend date is Wednesday, October 28th. This represents a dividend yield of 3,427.0%.

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.