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

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a significant increase in short interest during the month of 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 volume of 115,200 shares, the short-interest ratio is currently 0.8 days. Currently, 1.3% of the shares of the company are short sold.

REX AI Equity Premium Income ETF Price Performance

NASDAQ:AIPI opened at $42.72 on Friday. The company has a market cap of $284.09 million and a P/E ratio of 36.82. REX AI Equity Premium Income ETF has a one year low of $33.68 and a one year high of $56.15. The firm’s fifty day moving average price is $40.72 and its two-hundred day moving average price is $45.07.

REX AI Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, May 29th. Stockholders of record on Wednesday, May 28th were given a dividend of $1.2325 per share. This is an increase from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $14.79 annualized dividend and a dividend yield of 34.62%.

Institutional Trading of 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 boosted its holdings in REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 55.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,562 shares of the company’s stock after purchasing an additional 7,689 shares during the quarter. OLD Mission Capital LLC owned about 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 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.