REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Stock Short Interest Jumps 380.7%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 66,778 shares, a growth of 380.7% from the September 30th total of 13,893 shares. Based on an average trading volume of 60,628 shares, the short-interest ratio is currently 1.1 days. Approximately 2.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in REX IncomeMax Option Strategy ETF stock. Apollon Wealth Management LLC bought a new position in shares of REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 35,250 shares of the technology company’s stock, valued at approximately $431,000. Apollon Wealth Management LLC owned 2.23% of REX IncomeMax Option Strategy ETF at the end of the most recent reporting period. 91.20% of the stock is owned by hedge funds and other institutional investors.

REX IncomeMax Option Strategy ETF Trading Down 0.1%

ULTI stock traded down $0.01 during midday trading on Thursday, hitting $5.21. 90,940 shares of the company’s stock were exchanged, compared to its average volume of 78,689. REX IncomeMax Option Strategy ETF has a 1-year low of $4.93 and a 1-year high of $26.50. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $14.86 million, a PE ratio of 2.52, a P/E/G ratio of 6.51 and a beta of -4.65. The business has a 50-day simple moving average of $6.41 and a two-hundred day simple moving average of $10.95.

REX IncomeMax Option Strategy ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 23rd. Investors of record on Thursday, October 22nd were issued a $0.08 dividend. This is an increase from REX IncomeMax Option Strategy ETF’s previous dividend of $0.07. The ex-dividend date was Thursday, October 22nd. This represents a yield of 7,894.0%. REX IncomeMax Option Strategy ETF’s payout ratio is presently 420.77%.

REX IncomeMax Option Strategy ETF Company Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions to enterprise companies, mid-market companies, and companies in the strategic market in the United States, Canada, Europe, the Asia Pacific, and internationally. Its UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement. The company's UltiPro solution includes feature sets for talent acquisition and onboarding, human resources (HR) service delivery and management, benefits management and online enrollment, payroll, performance management, employee engagement surveying, compensation management with salary planning, budgeting, incentive award planning, succession management, learning management, reporting and analytical decision-making and predictive tools and time capture, scheduling, attendance tracking, and absence accruals; and has role-based features for HR professionals, executives, managers, administrators, and employees.