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

REX AI Equity Premium Income ETF (NASDAQ:AIPI) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 47,100 shares, a decline of 51.2% from the August 15th total of 96,600 shares. Based on an average trading volume of 123,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 123,900 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On REX AI Equity Premium Income ETF

A hedge fund recently raised its stake in REX AI Equity Premium Income ETF stock. SBI Securities Co. Ltd. grew its position in REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 186.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,345 shares of the company’s stock after buying an additional 9,332 shares during the quarter. SBI Securities Co. Ltd. owned 0.18% of REX AI Equity Premium Income ETF worth $622,000 at the end of the most recent reporting period.

REX AI Equity Premium Income ETF Stock Up 0.1%

AIPI opened at $42.15 on Monday. REX AI Equity Premium Income ETF has a 52-week low of $33.68 and a 52-week high of $52.55. The stock has a market cap of $335.94 million and a P/E ratio of 41.65. The business has a fifty day moving average of $42.70 and a 200 day moving average of $41.83.

REX AI Equity Premium Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 26th. Shareholders of record on Wednesday, June 25th were issued a $1.274 dividend. The ex-dividend date was Wednesday, June 25th. This represents a c) annualized dividend and a dividend yield of 36.3%. This is a positive change from REX AI Equity Premium Income ETF’s previous monthly dividend of $1.23.

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.