REX AI Equity Premium Income ETF (NASDAQ:AIPI) Sees Significant Increase in Short Interest

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 47,300 shares, a growth of 55.6% from the September 30th total of 30,400 shares. Based on an average daily trading volume, of 120,100 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 120,100 shares, the days-to-cover ratio is presently 0.4 days.

REX AI Equity Premium Income ETF Stock Up 0.6%

Shares of NASDAQ AIPI opened at $43.75 on Friday. The stock’s 50 day moving average price is $42.60 and its two-hundred day moving average price is $42.33. REX AI Equity Premium Income ETF has a 52-week low of $33.68 and a 52-week high of $52.55. The stock has a market capitalization of $379.75 million, a P/E ratio of 41.65 and a beta of 1.10.

REX AI Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 29th were given a $1.3033 dividend. The ex-dividend date was Wednesday, October 29th. This represents a c) annualized dividend and a yield of 35.7%. This is an increase from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.25.

Institutional Trading of REX AI Equity Premium Income ETF

An institutional investor recently bought a new position in REX AI Equity Premium Income ETF stock. SBI Securities Co. Ltd. purchased a new stake in shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,013 shares of the company’s stock, valued at approximately $202,000. SBI Securities Co. Ltd. owned 0.08% of REX AI Equity Premium Income ETF as of its most recent filing with the Securities and Exchange Commission.

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.