REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Update

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 37,933 shares, a decrease of 20.2% from the March 15th total of 47,553 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 173,208 shares, the short-interest ratio is currently 0.2 days.

REX AI Equity Premium Income ETF Stock Up 1.5%

Shares of REX AI Equity Premium Income ETF stock opened at $35.31 on Thursday. The company has a market capitalization of $377.11 million, a price-to-earnings ratio of 41.65 and a beta of 1.04. REX AI Equity Premium Income ETF has a 12-month low of $32.21 and a 12-month high of $45.08. The firm’s 50-day moving average price is $35.49 and its two-hundred day moving average price is $39.33.

REX AI Equity Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 25th were paid a $1.0234 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 34.8%. The ex-dividend date was Wednesday, March 25th.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

Hedge funds have recently made changes to their positions in the stock. ORG Partners LLC acquired a new stake in shares of REX AI Equity Premium Income ETF in the 4th quarter valued at approximately $60,000. Janney Montgomery Scott LLC acquired a new stake in shares of REX AI Equity Premium Income ETF in the 4th quarter valued at approximately $222,000. CoreCap Advisors LLC boosted its stake in shares of REX AI Equity Premium Income ETF by 45.1% in the 3rd quarter. CoreCap Advisors LLC now owns 6,057 shares of the company’s stock valued at $255,000 after purchasing an additional 1,882 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of REX AI Equity Premium Income ETF by 45.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock valued at $702,000 after purchasing an additional 5,510 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.