REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Short Interest Update

REX IncomeMax Option Strategy ETF (NASDAQ:ULTIGet Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 84,802 shares, an increase of 115.8% from the May 31st total of 39,294 shares. Based on an average trading volume of 100,109 shares, the days-to-cover ratio is presently 0.8 days. Currently, 4.2% of the company’s shares are sold short.

REX IncomeMax Option Strategy ETF Trading Down 5.2%

ULTI traded down $0.60 during trading on Wednesday, hitting $11.00. The company’s stock had a trading volume of 34,525 shares, compared to its average volume of 79,639. The firm’s 50 day moving average price is $13.47 and its 200-day moving average price is $13.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $22 million, a PE ratio of 5.31, a PEG ratio of 6.51 and a beta of -4.20. REX IncomeMax Option Strategy ETF has a twelve month low of $10.59 and a twelve month high of $26.50.

REX IncomeMax Option Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 25th were paid a $0.155 dividend. The ex-dividend date was Thursday, June 25th. REX IncomeMax Option Strategy ETF’s dividend payout ratio is presently 340.58%.

Institutional Trading of REX IncomeMax Option Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in ULTI. OLD Mission Capital LLC purchased a new stake in REX IncomeMax Option Strategy ETF in the 4th quarter valued at about $142,000. Jane Street Group LLC purchased a new position in shares of REX IncomeMax Option Strategy ETF during the 4th quarter worth about $264,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of REX IncomeMax Option Strategy ETF in the first quarter worth approximately $431,000. 91.20% of the stock is owned by institutional investors and hedge funds.

REX IncomeMax Option Strategy ETF Company Profile

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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.

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