REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Up 50.9% in March

REX AI Equity Premium Income ETF (NASDAQ:AIPI) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 40,600 shares, an increase of 50.9% from the March 15th total of 26,900 shares. Based on an average trading volume of 184,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in REX AI Equity Premium Income ETF stock. OLD Mission Capital LLC lifted its stake in REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 55.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,562 shares of the company’s stock after purchasing an additional 7,689 shares during the period. OLD Mission Capital LLC owned 0.41% of REX AI Equity Premium Income ETF worth $1,057,000 at the end of the most recent reporting period.

REX AI Equity Premium Income ETF Stock Performance

Shares of NASDAQ:AIPI opened at $38.21 on Friday. The stock’s 50-day simple moving average is $42.79 and its two-hundred day simple moving average is $47.79. The stock has a market capitalization of $250.28 million and a price-to-earnings ratio of 34.11. REX AI Equity Premium Income ETF has a 52-week low of $33.68 and a 52-week high of $56.15.

REX AI Equity Premium Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 26th were given a dividend of $1.2804 per share. The ex-dividend date was Wednesday, March 26th. This represents a $15.36 annualized dividend and a yield of 40.21%.

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.