REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Shares Shorted: Short Interest Up 352.2% in September

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 13,893 shares, an increase of 352.2% from the September 15th total of 3,072 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 40,564 shares, the days-to-cover ratio is currently 0.3 days.

REX IncomeMax Option Strategy ETF Price Performance

Shares of NASDAQ ULTI traded down $0.32 during mid-day trading on Monday, reaching $5.92. 52,794 shares of the company were exchanged, compared to its average volume of 76,312. REX IncomeMax Option Strategy ETF has a 52 week low of $5.90 and a 52 week high of $26.50. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average price is $6.98 and its 200 day moving average price is $10.36. The stock has a market capitalization of $16.87 million, a PE ratio of 2.86, a PEG ratio of 6.51 and a beta of -4.64.

REX IncomeMax Option Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were given a $0.0850 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This represents a yield of 7,095.0%. REX IncomeMax Option Strategy ETF’s payout ratio is 413.53%.

Hedge Funds Weigh In On REX IncomeMax Option Strategy ETF

A hedge fund recently bought a new position in REX IncomeMax Option Strategy ETF stock. Apollon Wealth Management LLC acquired a new stake in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,250 shares of the technology company’s stock, valued at approximately $431,000. Apollon Wealth Management LLC owned about 2.23% of REX IncomeMax Option Strategy ETF at the end of the most recent reporting period. 91.20% of the stock is currently owned by hedge funds and other institutional investors.

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.