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

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 38,724 shares, a decrease of 21.1% from the February 12th total of 49,092 shares. Based on an average trading volume of 142,968 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 142,968 shares, the days-to-cover ratio is presently 0.3 days.

REX AI Equity Premium Income ETF Trading Down 0.8%

Shares of NASDAQ:AIPI opened at $35.86 on Friday. The business has a fifty day simple moving average of $37.62 and a 200 day simple moving average of $40.51. REX AI Equity Premium Income ETF has a 1 year low of $33.68 and a 1 year high of $45.08. The firm has a market cap of $391.95 million, a price-to-earnings ratio of 41.65 and a beta of 1.10.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 25th were paid a dividend of $1.0385 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 34.8%.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

Institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of REX AI Equity Premium Income ETF in the 4th quarter valued at approximately $222,000. SBI Securities Co. Ltd. raised its position in REX AI Equity Premium Income ETF by 45.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock valued at $702,000 after acquiring an additional 5,510 shares in the last quarter. ORG Partners LLC bought a new position in REX AI Equity Premium Income ETF during the fourth quarter valued at approximately $60,000. Finally, 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 valued at $255,000 after acquiring an additional 1,882 shares during the last 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.