Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Grows By 179.2%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 49,092 shares, a growth of 179.2% from the January 29th total of 17,583 shares. Based on an average daily volume of 205,250 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 205,250 shares, the days-to-cover ratio is currently 0.2 days.

REX AI Equity Premium Income ETF Trading Down 1.0%

Shares of AIPI stock opened at $35.45 on Thursday. The firm’s fifty day moving average price is $38.77 and its two-hundred day moving average price is $41.07. REX AI Equity Premium Income ETF has a 1 year low of $33.68 and a 1 year high of $45.77. The firm has a market capitalization of $387.47 million, a P/E ratio of 41.65 and a beta of 1.10.

REX AI Equity Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 25th will be issued a dividend of $1.0385 per share. This represents a c) annualized dividend and a yield of 35.2%. The ex-dividend date is Wednesday, February 25th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its stake in shares of REX AI Equity Premium Income ETF by 45.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock worth $702,000 after purchasing an additional 5,510 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of 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 valued at $255,000 after buying an additional 1,882 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in REX AI Equity Premium Income ETF during the fourth quarter worth $222,000. Finally, ORG Partners LLC bought a new stake in REX AI Equity Premium Income ETF during the fourth quarter worth $60,000.

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.