REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Sees Significant Decrease in Short Interest

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 18,310 shares, a decline of 84.9% from the April 30th total of 121,473 shares. Based on an average trading volume of 86,496 shares, the short-interest ratio is presently 0.2 days. Currently, 0.9% of the company’s shares are short sold.

REX IncomeMax Option Strategy ETF Trading Down 2.8%

Shares of ULTI stock traded down $0.44 on Thursday, hitting $15.25. 65,378 shares of the stock traded hands, compared to its average volume of 74,798. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02. REX IncomeMax Option Strategy ETF has a twelve month low of $10.95 and a twelve month high of $26.50. The firm’s 50-day moving average price is $13.37 and its two-hundred day moving average price is $14.93. The stock has a market capitalization of $30.50 million, a PE ratio of 7.37, a PEG ratio of 6.51 and a beta of 4.35.

REX IncomeMax Option Strategy ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 28th will be issued a $0.215 dividend. The ex-dividend date is Thursday, May 28th. This is a positive change from REX IncomeMax Option Strategy ETF’s previous dividend of $0.19. REX IncomeMax Option Strategy ETF’s dividend payout ratio (DPR) is presently 296.14%.

Institutional Trading of REX IncomeMax Option Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Apollon Wealth Management LLC purchased a new stake in shares of REX IncomeMax Option Strategy ETF during the 1st quarter valued at approximately $431,000. Jane Street Group LLC acquired a new stake in REX IncomeMax Option Strategy ETF during the fourth quarter worth $264,000. Finally, OLD Mission Capital LLC purchased a new stake in REX IncomeMax Option Strategy ETF in the fourth quarter valued at $142,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

REX IncomeMax Option Strategy ETF Company Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions to enterprise companies, mid-market companies, and companies in the strategic market in the United States, Canada, Europe, the Asia Pacific, and internationally. Its UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement. The company's UltiPro solution includes feature sets for talent acquisition and onboarding, human resources (HR) service delivery and management, benefits management and online enrollment, payroll, performance management, employee engagement surveying, compensation management with salary planning, budgeting, incentive award planning, succession management, learning management, reporting and analytical decision-making and predictive tools and time capture, scheduling, attendance tracking, and absence accruals; and has role-based features for HR professionals, executives, managers, administrators, and employees.