REX AI Equity Premium Income ETF (NASDAQ:AIPI) Sees Large Increase in Short Interest

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 89,700 shares, an increase of 78.7% from the May 15th total of 50,200 shares. Based on an average daily trading volume, of 115,200 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

An institutional investor recently raised its position in REX AI Equity Premium Income ETF stock. OLD Mission Capital LLC increased its position in shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 55.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,562 shares of the company’s stock after buying an additional 7,689 shares during the quarter. OLD Mission Capital LLC owned 0.41% of REX AI Equity Premium Income ETF worth $1,057,000 at the end of the most recent quarter.

REX AI Equity Premium Income ETF Stock Up 0.9%

AIPI stock opened at $43.11 on Tuesday. REX AI Equity Premium Income ETF has a twelve month low of $33.68 and a twelve month high of $56.15. The company has a market cap of $286.68 million and a PE ratio of 36.82. The business’s 50-day simple moving average is $40.87 and its 200 day simple moving average is $44.98.

REX AI Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, May 29th. Investors of record on Wednesday, May 28th were given a dividend of $1.2325 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This is an increase from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.10. This represents a $14.79 dividend on an annualized basis and a yield of 34.31%.

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.