Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Decreases By 83.6%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 13,900 shares, a decline of 83.6% from the June 15th total of 84,802 shares. Based on an average daily volume of 102,149 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the company’s stock are sold short.

REX IncomeMax Option Strategy ETF Stock Down 3.1%

ULTI stock traded down $0.31 during mid-day trading on Friday, reaching $9.76. The company had a trading volume of 98,833 shares, compared to its average volume of 81,114. The firm has a fifty day simple moving average of $12.95 and a 200 day simple moving average of $13.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $32.99 million, a price-to-earnings ratio of 4.71, a price-to-earnings-growth ratio of 6.51 and a beta of -4.27. REX IncomeMax Option Strategy ETF has a fifty-two week low of $9.65 and a fifty-two week high of $26.50.

REX IncomeMax Option Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were issued a $0.13 dividend. The ex-dividend date was Thursday, July 9th. REX IncomeMax Option Strategy ETF’s dividend payout ratio (DPR) is presently 348.31%.

Hedge Funds Weigh In On REX IncomeMax Option Strategy ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. OLD Mission Capital LLC acquired a new stake in REX IncomeMax Option Strategy ETF in the fourth quarter valued at $142,000. Jane Street Group LLC acquired a new position in shares of REX IncomeMax Option Strategy ETF during the 4th quarter worth about $264,000. Finally, Apollon Wealth Management LLC purchased a new position in shares of REX IncomeMax Option Strategy ETF in the 1st quarter valued at about $431,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

REX IncomeMax Option Strategy ETF Company Profile

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.