REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Down 21.1% in February

REX AI Equity Premium Income ETF (NASDAQ:AIPI) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 38,724 shares, a drop of 21.1% from the February 12th total of 49,092 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 142,968 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 142,968 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

A number of institutional investors have recently modified their holdings of AIPI. ORG Partners LLC bought a new position in shares of REX AI Equity Premium Income ETF in the 4th quarter worth $60,000. Janney Montgomery Scott LLC bought a new stake in REX AI Equity Premium Income ETF during the 4th quarter valued at $222,000. CoreCap Advisors LLC raised its holdings in REX AI Equity Premium Income ETF by 45.1% during the third quarter. CoreCap Advisors LLC now owns 6,057 shares of the company’s stock worth $255,000 after buying an additional 1,882 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in shares of REX AI Equity Premium Income ETF by 45.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock valued at $702,000 after buying an additional 5,510 shares in the last quarter.

REX AI Equity Premium Income ETF Price Performance

Shares of REX AI Equity Premium Income ETF stock opened at $35.86 on Monday. The business has a 50-day simple moving average of $37.62 and a 200 day simple moving average of $40.51. REX AI Equity Premium Income ETF has a one year low of $33.68 and a one year high of $45.08. The firm has a market capitalization of $391.95 million, a price-to-earnings ratio of 41.65 and a beta of 1.10.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were paid a $1.0385 dividend. This represents a c) dividend on an annualized basis and a yield of 34.8%. The ex-dividend date of this dividend was Wednesday, February 25th.

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.