REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Down 71.9% in December

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 19,813 shares, a drop of 71.9% from the December 15th total of 70,412 shares. Based on an average daily trading volume, of 193,412 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 193,412 shares, the short-interest ratio is currently 0.1 days.

REX AI Equity Premium Income ETF Stock Performance

Shares of AIPI opened at $39.65 on Thursday. The firm has a fifty day moving average of $41.16 and a 200-day moving average of $42.26. The company has a market cap of $405.62 million, a price-to-earnings ratio of 41.65 and a beta of 1.10. REX AI Equity Premium Income ETF has a 1 year low of $33.68 and a 1 year high of $51.34.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 25th were paid a dividend of $1.2012 per share. This represents a c) dividend on an annualized basis and a yield of 36.4%. The ex-dividend date of this dividend was Tuesday, November 25th.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

A number of hedge funds have recently made changes to their positions in the business. ORG Partners LLC acquired a new position in shares of REX AI Equity Premium Income ETF during the fourth quarter worth approximately $60,000. CoreCap Advisors LLC raised its stake in REX AI Equity Premium Income ETF by 45.1% during the 3rd 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 in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake 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 valued at $622,000 after acquiring an additional 9,332 shares in 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.