REX AI Equity Premium Income ETF (NASDAQ:AIPI) to Issue $0.24 Dividend

REX AI Equity Premium Income ETF (NASDAQ:AIPI) announced a dividend on Tuesday, July 14th, NASDAQ Dividends reports. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.2436 per share on Thursday, July 16th. The ex-dividend date is Wednesday, July 15th.

REX AI Equity Premium Income ETF Price Performance

Shares of NASDAQ AIPI traded down $0.42 during trading on Wednesday, hitting $36.02. 201,830 shares of the company were exchanged, compared to its average volume of 173,608. The company has a market cap of $409.91 million, a price-to-earnings ratio of 41.65 and a beta of 1.08. REX AI Equity Premium Income ETF has a 1 year low of $32.21 and a 1 year high of $45.08. The firm’s fifty day moving average price is $37.35 and its 200 day moving average price is $37.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new position in REX AI Equity Premium Income ETF in the fourth quarter valued at about $60,000. SBI Securities Co. Ltd. grew its holdings in shares of REX AI Equity Premium Income ETF by 45.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 17,519 shares of the company’s stock worth $702,000 after acquiring an additional 5,510 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in REX AI Equity Premium Income ETF in the 4th quarter valued at approximately $222,000.

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.