Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Expands By 331.3%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 85,445 shares, an increase of 331.3% from the December 31st total of 19,813 shares. Based on an average daily trading volume, of 171,238 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 171,238 shares, the days-to-cover ratio is currently 0.5 days.

REX AI Equity Premium Income ETF Stock Down 3.0%

NASDAQ:AIPI opened at $38.90 on Thursday. The business’s 50-day moving average price is $40.59 and its two-hundred day moving average price is $41.99. REX AI Equity Premium Income ETF has a twelve month low of $33.68 and a twelve month high of $50.67. The stock has a market cap of $404.56 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, January 29th. Investors of record on Wednesday, January 28th will be paid a $1.162 dividend. This represents a c) dividend on an annualized basis and a yield of 35.8%. The ex-dividend date of this dividend is Wednesday, January 28th.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Partners LLC purchased a new stake in shares of REX AI Equity Premium Income ETF during the 4th quarter valued at $60,000. CoreCap Advisors LLC raised its position in REX AI Equity Premium Income ETF by 45.1% during the third 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. raised its position in REX AI Equity Premium Income ETF by 186.2% during the second quarter. SBI Securities Co. Ltd. now owns 14,345 shares of the company’s stock valued at $622,000 after purchasing 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.