REX AI Equity Premium Income ETF (NASDAQ:AIPI) Short Interest Update

REX AI Equity Premium Income ETF (NASDAQ:AIPI) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 70,412 shares, a drop of 59.1% from the November 30th total of 172,202 shares. Based on an average daily trading volume, of 153,742 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 153,742 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in REX AI Equity Premium Income ETF stock. CoreCap Advisors LLC increased its position in shares of REX AI Equity Premium Income ETF (NASDAQ:AIPI) by 45.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,057 shares of the company’s stock after purchasing an additional 1,882 shares during the period. CoreCap Advisors LLC owned approximately 0.07% of REX AI Equity Premium Income ETF worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

REX AI Equity Premium Income ETF Trading Down 0.1%

NASDAQ AIPI opened at $40.44 on Friday. The firm has a market capitalization of $354.66 million, a P/E ratio of 41.65 and a beta of 1.10. The firm’s fifty day moving average price is $42.12 and its two-hundred day moving average price is $42.53. REX AI Equity Premium Income ETF has a 1 year low of $33.68 and a 1 year high of $51.34.

REX AI Equity Premium Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 25th were paid a $1.2012 dividend. This represents a c) annualized dividend and a yield of 35.6%. The ex-dividend date was Tuesday, November 25th.

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.