Short Interest in REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) Decreases By 84.9%

REX IncomeMax Option Strategy ETF (NASDAQ:ULTI) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 18,310 shares, a decline of 84.9% from the April 30th total of 121,473 shares. Based on an average daily volume of 86,496 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.9% of the shares of the company are sold short.

REX IncomeMax Option Strategy ETF Stock Performance

REX IncomeMax Option Strategy ETF stock traded down $0.49 during midday trading on Friday, hitting $14.94. The company’s stock had a trading volume of 103,195 shares, compared to its average volume of 75,604. REX IncomeMax Option Strategy ETF has a 1-year low of $10.95 and a 1-year high of $26.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50-day moving average price of $13.43 and a two-hundred day moving average price of $14.87. The company has a market cap of $29.88 million, a price-to-earnings ratio of 7.22, a PEG ratio of 6.51 and a beta of 4.35.

REX IncomeMax Option Strategy ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 28th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This is an increase from REX IncomeMax Option Strategy ETF’s previous dividend of $0.19. REX IncomeMax Option Strategy ETF’s payout ratio is 296.14%.

Hedge Funds Weigh In On REX IncomeMax Option Strategy ETF

Several hedge funds have recently bought and sold shares of the company. Apollon Wealth Management LLC bought a new position in REX IncomeMax Option Strategy ETF in the 1st quarter valued at about $431,000. Jane Street Group LLC bought a new stake in shares of REX IncomeMax Option Strategy ETF during the 4th quarter valued at approximately $264,000. Finally, OLD Mission Capital LLC bought a new stake in REX IncomeMax Option Strategy ETF during the 4th quarter worth approximately $142,000. 91.20% of the stock is owned by institutional investors.

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.