REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Down 79.5% in April

REX AI Equity Premium Income ETF (NASDAQ:AIPI – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 9,635 shares, a drop of 79.5% from the April 15th total of 47,102 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 132,056 shares, the days-to-cover ratio is presently 0.1 days.

REX AI Equity Premium Income ETF Stock Up 0.4%

REX AI Equity Premium Income ETF stock traded up $0.13 during mid-day trading on Wednesday, reaching $36.82. 115,908 shares of the company’s stock were exchanged, compared to its average volume of 160,283. The business’s fifty day simple moving average is $35.40 and its 200 day simple moving average is $38.50. The firm has a market capitalization of $400.60 million, a PE ratio of 41.65 and a beta of 1.00. REX AI Equity Premium Income ETF has a one year low of $32.21 and a one year high of $45.08.

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REX AI Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd were given a $1.0518 dividend. This is an increase from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.02. This represents a c) dividend on an annualized basis and a yield of 34.3%. The ex-dividend date of this dividend was Wednesday, April 22nd.

Institutional Trading of REX AI Equity Premium Income ETF

Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in REX AI Equity Premium Income ETF in the fourth quarter worth $222,000. SBI Securities Co. Ltd. increased its position 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 worth $702,000 after buying an additional 5,510 shares during the last quarter. ORG Partners LLC purchased a new stake in REX AI Equity Premium Income ETF in the fourth quarter worth $60,000. Finally, CoreCap Advisors LLC increased its position 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 worth $255,000 after buying an additional 1,882 shares during the last quarter.

REX AI Equity Premium Income ETF Company Profile

(Get Free Report)

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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