Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Declines By 71.2%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,592 shares, a drop of 71.2% from the July 15th total of 15,933 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 90,876 shares, the days-to-cover ratio is presently 0.1 days.

REX IncomeMax Option Strategy ETF Stock Performance

REX IncomeMax Option Strategy ETF stock opened at $7.73 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $26.28 million, a PE ratio of 3.73, a P/E/G ratio of 6.51 and a beta of -4.24. The firm has a fifty day simple moving average of $10.09 and a two-hundred day simple moving average of $12.34. REX IncomeMax Option Strategy ETF has a twelve month low of $6.94 and a twelve month high of $26.50.

REX IncomeMax Option Strategy ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, August 6th were issued a $0.10 dividend. This is an increase from REX IncomeMax Option Strategy ETF’s previous dividend of $0.09. The ex-dividend date was Thursday, August 6th. REX IncomeMax Option Strategy ETF’s dividend payout ratio (DPR) is presently 374.88%.

Institutional Investors Weigh In On REX IncomeMax Option Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ULTI. OLD Mission Capital LLC bought a new position in REX IncomeMax Option Strategy ETF during the 4th quarter worth approximately $142,000. Jane Street Group LLC purchased a new position in REX IncomeMax Option Strategy ETF in the 4th quarter worth approximately $264,000. Finally, Apollon Wealth Management LLC bought a new stake in REX IncomeMax Option Strategy ETF in the first quarter valued at approximately $431,000. Institutional investors 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.