REX AI Equity Premium Income ETF (NASDAQ:AIPI) Plans Dividend of $0.22

REX AI Equity Premium Income ETF (NASDAQ:AIPI) declared a dividend on Tuesday, November 3rd. Stockholders of record on Wednesday, November 4th will be paid a dividend of $0.2180 per share on Thursday, November 5th. This represents a dividend yield of 3,432.0%. The ex-dividend date is Wednesday, November 4th. This is a 8.7% decrease from REX AI Equity Premium Income ETF’s previous dividend of $0.2387.

REX AI Equity Premium Income ETF Price Performance

AIPI opened at $33.03 on Wednesday. The stock has a market capitalization of $445.90 million, a P/E ratio of 41.65 and a beta of 1.11. The company’s 50 day simple moving average is $36.66 and its 200-day simple moving average is $36.54. REX AI Equity Premium Income ETF has a one year low of $32.21 and a one year high of $43.65.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its stake in shares of REX AI Equity Premium Income ETF by 45.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 47,112 shares of the company’s stock valued at $1,762,000 after buying an additional 14,719 shares during the period. CoreCap Advisors LLC bought a new stake in shares of REX AI Equity Premium Income ETF during the third quarter worth $77,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of REX AI Equity Premium Income ETF by 51.2% during the first quarter. Janney Montgomery Scott LLC now owns 8,367 shares of the company’s stock valued at $281,000 after acquiring an additional 2,832 shares during the period.

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.