REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Down 79.4% in January

REX AI Equity Premium Income ETF (NASDAQ:AIPI) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 17,583 shares, a decline of 79.4% from the January 15th total of 85,445 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 227,934 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 227,934 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

REX AI Equity Premium Income ETF Trading Down 0.6%

Shares of REX AI Equity Premium Income ETF stock opened at $36.93 on Thursday. REX AI Equity Premium Income ETF has a 12 month low of $33.68 and a 12 month high of $50.67. The stock has a 50 day moving average of $39.84 and a 200 day moving average of $41.54. The firm has a market cap of $403.64 million, a PE ratio of 41.65 and a beta of 1.10.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, January 28th were given a dividend of $1.162 per share. The ex-dividend date was Wednesday, January 28th. This represents a c) dividend on an annualized basis and a yield of 37.8%.

Institutional Trading of REX AI Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of AIPI. ORG Partners LLC bought a new stake in shares of REX AI Equity Premium Income ETF during the fourth quarter valued at approximately $60,000. Janney Montgomery Scott LLC bought a new stake in shares of REX AI Equity Premium Income ETF in the fourth quarter valued at about $222,000. CoreCap Advisors LLC lifted its stake 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 acquiring an additional 1,882 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in REX AI Equity Premium Income ETF by 186.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 14,345 shares of the company’s stock worth $622,000 after acquiring an additional 9,332 shares in the last quarter.

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.