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

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the recipient of a large growth in short interest during the month of 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. Based on an average daily trading volume, of 268,453 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. ORG Partners LLC acquired a new position in shares of REX AI Equity Premium Income ETF in the 4th quarter valued at approximately $60,000. Janney Montgomery Scott LLC acquired a new position in shares of REX AI Equity Premium Income ETF in the 4th quarter valued at approximately $222,000. Finally, SBI Securities Co. Ltd. raised its position in shares of REX AI Equity Premium Income ETF by 45.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock valued at $702,000 after buying an additional 5,510 shares in the last quarter.

REX AI Equity Premium Income ETF Price Performance

AIPI stock traded down $0.17 during midday trading on Friday, hitting $37.25. The company’s stock had a trading volume of 110,446 shares, compared to its average volume of 172,828. The company’s fifty day moving average price is $36.58 and its 200 day moving average price is $37.76. REX AI Equity Premium Income ETF has a twelve month low of $32.21 and a twelve month high of $45.08. The stock 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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 11th. Stockholders of record on Wednesday, June 10th were given a $0.2527 dividend. The ex-dividend date of this dividend 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.