Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Increases By 22.8%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 47,553 shares, a growth of 22.8% from the February 26th total of 38,724 shares. Based on an average trading volume of 119,674 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

Several hedge funds have recently made changes to their positions in AIPI. Janney Montgomery Scott LLC bought a new position in REX AI Equity Premium Income ETF during the fourth quarter valued at about $222,000. SBI Securities Co. Ltd. raised its holdings in 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 acquiring an additional 5,510 shares in the last quarter. CoreCap Advisors LLC lifted its position 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 worth $255,000 after acquiring an additional 1,882 shares during the period. Finally, ORG Partners LLC acquired a new stake in shares of REX AI Equity Premium Income ETF during the 4th quarter worth approximately $60,000.

REX AI Equity Premium Income ETF Price Performance

NASDAQ:AIPI opened at $32.75 on Monday. REX AI Equity Premium Income ETF has a one year low of $32.70 and a one year high of $45.08. The company has a fifty day moving average price of $36.69 and a 200 day moving average price of $40.07. The stock has a market cap of $357.96 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 disclosed a monthly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 25th were given a dividend of $1.0234 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 37.5%.

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.