Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Decreases By 35.5%

REX AI Equity Premium Income ETF (NASDAQ:AIPIGet Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 145,276 shares, a drop of 35.5% from the July 15th total of 225,346 shares. Based on an average trading volume of 150,428 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in REX AI Equity Premium Income ETF stock. SBI Securities Co. Ltd. increased its position in REX AI Equity Premium Income ETF (NASDAQ:AIPIFree Report) by 45.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,519 shares of the company’s stock after purchasing an additional 5,510 shares during the period. SBI Securities Co. Ltd. owned 0.16% of REX AI Equity Premium Income ETF worth $702,000 at the end of the most recent reporting period.

REX AI Equity Premium Income ETF Stock Performance

Shares of AIPI stock traded down $0.40 during trading hours on Wednesday, reaching $36.66. The company had a trading volume of 57,022 shares, compared to its average volume of 168,479. The stock’s fifty day simple moving average is $36.35 and its 200 day simple moving average is $36.31. The company has a market capitalization of $428.92 million, a P/E ratio of 41.65 and a beta of 1.09. REX AI Equity Premium Income ETF has a twelve month low of $32.21 and a twelve month high of $45.08.

REX AI Equity Premium Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 13th. Investors of record on Wednesday, August 12th were paid a $0.2492 dividend. This is a boost from REX AI Equity Premium Income ETF’s previous dividend of $0.24. The ex-dividend date was Wednesday, August 12th.

About REX AI Equity Premium Income ETF

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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.

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