Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Drops By 79.5%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 9,635 shares, a drop of 79.5% from the April 15th total of 47,102 shares. Based on an average daily volume of 132,056 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its position in REX AI Equity Premium Income ETF by 51.2% in the first quarter. Janney Montgomery Scott LLC now owns 8,367 shares of the company’s stock worth $281,000 after acquiring an additional 2,832 shares during the period. SBI Securities Co. Ltd. grew its position in REX AI Equity Premium Income ETF by 45.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock worth $702,000 after acquiring an additional 5,510 shares during the period. ORG Partners LLC purchased a new position in REX AI Equity Premium Income ETF in the fourth quarter worth approximately $60,000. Finally, CoreCap Advisors LLC grew its position 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 worth $255,000 after acquiring an additional 1,882 shares during the period.

REX AI Equity Premium Income ETF Stock Performance

NASDAQ:AIPI opened at $36.78 on Thursday. REX AI Equity Premium Income ETF has a one year low of $32.21 and a one year high of $45.08. The stock has a market cap of $400.17 million, a PE ratio of 41.65 and a beta of 1.00. The stock has a 50 day moving average price of $35.43 and a 200 day moving average price of $38.45.

REX AI Equity Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 23rd. Investors of record on Wednesday, April 22nd were issued a $1.0518 dividend. This is a boost from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.02. This represents a c) annualized dividend and a dividend yield of 34.3%. The ex-dividend date of this dividend was Wednesday, April 22nd.

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.