REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Down 43.3% in July

REX AI Equity Premium Income ETF (NASDAQ:AIPI) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 37,900 shares, adecreaseof43.3% from the July 15th total of 66,900 shares. Approximately0.5% of the shares of the company are short sold. Based on an average daily volume of 123,300 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 123,300 shares, the short-interest ratio is presently 0.3 days. Approximately0.5% of the shares of the company are short sold.

REX AI Equity Premium Income ETF Stock Performance

Shares of NASDAQ:AIPI opened at $42.93 on Monday. The stock has a market capitalization of $342.15 million and a price-to-earnings ratio of 41.65. REX AI Equity Premium Income ETF has a 1-year low of $33.68 and a 1-year high of $52.55. The company’s fifty day moving average is $43.20 and its two-hundred day moving average is $42.79.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 24th. Investors of record on Wednesday, July 23rd were issued a $1.2711 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd.

Institutional Trading of REX AI Equity Premium Income ETF

A hedge fund recently raised its stake in REX AI Equity Premium Income ETF stock. SBI Securities Co. Ltd. increased its position in REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 186.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,345 shares of the company’s stock after acquiring an additional 9,332 shares during the period. SBI Securities Co. Ltd. owned approximately 0.18% of REX AI Equity Premium Income ETF worth $622,000 at the end of the most recent reporting period.

About REX AI Equity Premium Income ETF

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.