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

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 19,813 shares, a decrease of 71.9% from the December 15th total of 70,412 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 193,412 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 193,412 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

REX AI Equity Premium Income ETF Stock Down 0.5%

NASDAQ AIPI opened at $39.91 on Wednesday. REX AI Equity Premium Income ETF has a fifty-two week low of $33.68 and a fifty-two week high of $51.34. The stock has a market cap of $408.28 million, a price-to-earnings ratio of 41.65 and a beta of 1.10. The business has a fifty day moving average of $41.23 and a 200-day moving average of $42.28.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 25th were paid a $1.2012 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a c) annualized dividend and a yield of 36.1%.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

A hedge fund recently raised its stake in REX AI Equity Premium Income ETF stock. CoreCap Advisors LLC lifted its position in shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 45.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,057 shares of the company’s stock after buying an additional 1,882 shares during the quarter. CoreCap Advisors LLC owned approximately 0.07% of REX AI Equity Premium Income ETF worth $255,000 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.