Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Drops By 20.2%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 37,933 shares, a drop of 20.2% from the March 15th total of 47,553 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 173,208 shares, the short-interest ratio is presently 0.2 days.

REX AI Equity Premium Income ETF Stock Up 1.0%

REX AI Equity Premium Income ETF stock opened at $36.01 on Friday. The firm has a market cap of $384.59 million, a price-to-earnings ratio of 41.65 and a beta of 1.04. REX AI Equity Premium Income ETF has a 52 week low of $32.21 and a 52 week high of $45.08. The business’s 50-day moving average price is $35.49 and its 200 day moving average price is $39.27.

REX AI Equity Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 25th were issued a $1.0234 dividend. This represents a c) annualized dividend and a yield of 34.1%. The ex-dividend date of this dividend was Wednesday, March 25th.

Institutional Trading of REX AI Equity Premium Income ETF

Institutional investors have recently bought and sold shares of the business. ORG Partners LLC acquired a new stake in REX AI Equity Premium Income ETF in the fourth quarter valued at approximately $60,000. Janney Montgomery Scott LLC acquired a new stake in REX AI Equity Premium Income ETF in the fourth quarter valued at approximately $222,000. CoreCap Advisors LLC grew its holdings in REX AI Equity Premium Income ETF by 45.1% in the third quarter. CoreCap Advisors LLC now owns 6,057 shares of the company’s stock valued at $255,000 after purchasing an additional 1,882 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings 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 valued at $702,000 after purchasing an additional 5,510 shares during the period.

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.