Short Interest in REX AI Equity Premium Income ETF (NASDAQ:AIPI) Grows By 169.0%

REX AI Equity Premium Income ETF (NASDAQ:AIPI) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 9,648 shares, a growth of 169.0% from the May 14th total of 3,587 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 268,453 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

A number of institutional investors have recently added to or reduced their stakes in AIPI. Janney Montgomery Scott LLC acquired a new position in REX AI Equity Premium Income ETF during the 4th quarter worth approximately $222,000. SBI Securities Co. Ltd. increased its position in REX AI Equity Premium Income ETF by 45.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock worth $702,000 after purchasing an additional 5,510 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in REX AI Equity Premium Income ETF during the 4th quarter worth approximately $60,000.

REX AI Equity Premium Income ETF Stock Down 0.5%

Shares of NASDAQ:AIPI traded down $0.17 during midday trading on Friday, hitting $37.25. The stock had a trading volume of 110,446 shares, compared to its average volume of 172,828. The company’s 50-day moving average price is $36.58 and its 200-day moving average price is $37.76. The company has a market capitalization of $405.28 million, a P/E ratio of 41.65 and a beta of 1.07. REX AI Equity Premium Income ETF has a fifty-two week low of $32.21 and a fifty-two week high of $45.08.

REX AI Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 11th. Investors of record on Wednesday, June 10th were given a dividend of $0.2527 per share. The ex-dividend date was Wednesday, June 10th.

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.