REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Update

REX AI Equity Premium Income ETF (NASDAQ:AIPI) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 99,675 shares, a growth of 933.1% from the May 31st total of 9,648 shares. Based on an average daily volume of 209,916 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.9% of the shares of the company are sold short.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

Hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new stake in shares of REX AI Equity Premium Income ETF during the 4th quarter valued at about $222,000. SBI Securities Co. Ltd. raised its position in 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 worth $702,000 after purchasing an additional 5,510 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in REX AI Equity Premium Income ETF in the fourth quarter worth about $60,000.

REX AI Equity Premium Income ETF Trading Down 0.8%

Shares of NASDAQ AIPI opened at $35.68 on Friday. The business has a fifty day simple moving average of $37.12 and a 200 day simple moving average of $37.47. The firm has a market capitalization of $388.20 million, a price-to-earnings ratio of 41.65 and a beta of 1.07. REX AI Equity Premium Income ETF has a one year low of $32.21 and a one year high of $45.08.

REX AI Equity Premium Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 24th were issued a $0.2444 dividend. The ex-dividend date of this dividend was Wednesday, June 24th.

About REX AI Equity Premium Income ETF

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.