REX AI Equity Premium Income ETF (NASDAQ:AIPI) Shares Shorted: Short Interest Up 203.1% in October

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 337,959 shares, an increase of 203.1% from the October 15th total of 111,492 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 278,056 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On REX AI Equity Premium Income ETF

Several hedge funds have recently added to or reduced their stakes in AIPI. SBI Securities Co. Ltd. increased its holdings in REX AI Equity Premium Income ETF by 45.4% during the third quarter. SBI Securities Co. Ltd. now owns 47,112 shares of the company’s stock worth $1,762,000 after buying an additional 14,719 shares during the last quarter. CoreCap Advisors LLC bought a new stake in REX AI Equity Premium Income ETF during the third quarter worth $77,000. Finally, Janney Montgomery Scott LLC lifted its stake in REX AI Equity Premium Income ETF by 51.2% in 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 last quarter.

REX AI Equity Premium Income ETF Stock Performance

Shares of NASDAQ AIPI traded down $0.36 during trading hours on Friday, hitting $31.01. The stock had a trading volume of 155,978 shares, compared to its average volume of 188,172. The firm’s 50-day moving average price is $35.72 and its two-hundred day moving average price is $36.20. REX AI Equity Premium Income ETF has a 52 week low of $29.51 and a 52 week high of $42.68. The company has a market capitalization of $418.63 million, a P/E ratio of 29.01 and a beta of 1.15.

REX AI Equity Premium Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 13th. Investors of record on Thursday, November 12th were given a dividend of $0.2082 per share. This is a negative change from REX AI Equity Premium Income ETF’s previous dividend of $0.2180. The ex-dividend date was Thursday, November 12th.

REX AI Equity Premium Income ETF Company Profile

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.