REX AI Equity Premium Income ETF (NASDAQ:AIPI) Sees Large Growth in Short Interest

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a large 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 short-interest ratio is currently 0.5 days. Approximately 0.8% of the shares of the company are sold short. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 171,238 shares, the short-interest ratio is currently 0.5 days.

REX AI Equity Premium Income ETF Price Performance

Shares of AIPI stock opened at $38.18 on Friday. REX AI Equity Premium Income ETF has a one year low of $33.68 and a one year high of $50.67. The company’s fifty day moving average price is $40.55 and its 200-day moving average price is $41.97. The company has a market capitalization of $403.56 million, a price-to-earnings ratio of 41.65 and a beta of 1.10.

REX AI Equity Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, January 28th were issued a dividend of $1.162 per share. This represents a c) annualized dividend and a dividend yield of 36.5%. The ex-dividend date of this dividend was 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 added to or reduced their stakes in AIPI. ORG Partners LLC bought a new stake in REX AI Equity Premium Income ETF in the fourth quarter worth $60,000. CoreCap Advisors LLC grew its stake in shares of REX AI Equity Premium Income ETF by 45.1% in the 3rd quarter. CoreCap Advisors LLC now owns 6,057 shares of the company’s stock worth $255,000 after buying an additional 1,882 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of REX AI Equity Premium Income ETF by 186.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 14,345 shares of the company’s stock worth $622,000 after buying an additional 9,332 shares during the last quarter.

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.